This is already a significant drop.
Especially for heavy-asset companies like Intel.
For example, according to Intel's financial report last year, the annual revenue was $54.2 billion, with a net profit of only $4.4 billion.
If revenue decreases by about thirty percent, next year's revenue will only be over $30 billion, and with that revenue, let alone making a profit, it's highly likely they will incur losses.
In contrast, interest rates in the United States are still maintaining at a high of 4%.
This means that Intel shouldn't continue manufacturing at all, and putting all the money in the bank to earn interest would be more profitable than laboriously developing the industry.
In other words, capital expectations are already low enough; tech giants like Intel aren't qualified to drag down the entire market, they are not worthy.
The same logic applies to NVIDIA.
