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Intel crashes 29% in worst day since 1974, wipes $140B (worldbusinesswatch.com)
submitted 1 week ago by to c/pcgaming@lemmy.ca
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[–] 50 points 1 week ago (16 children)

is the bubble finally bursting? i thought it would be way higher than 29%

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  • [–] 99 points 1 week ago (7 children)

    Intel stock is up over 200% over the last 2 years (even with this 29% drop) so it's way too early to say it's popped.

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  • [–] 33 points 1 week ago (1 child)

    The fun thing about percentages though: you can have a 10,000% gain, but a 100% drop is an instant wipeout. So a 29% drop can still be more significant than what the value was two years ago.

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  • [–] 6 points 1 week ago

    I agree that Intel is overvalued. My point is that you need to zoom out to get a better picture. And a stock that's up 200% over 2 years is doing really well. It's funny because your point about percentages was reflected this morning, Intel has slid another 6% so now it's only up 175% over the past 2 years.

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  • [–] 9 points 1 week ago (4 children)

    Yeah it came right down to <$20 at one point. I bought a fair bit in 2025 when it first did, and sold most of it at $100. So you know, I'd not mind if it came back down again to repeat the exercise. Although when I got it 2 years ago, I thought "Not even Trump would let Intel fail" and to be fair, he did authorise a cash boost.

    I am not completely sure that would be true again. I'd probably still take the punt at $20 again though.

    This is a weird one though, because they've not even been the biggest name behind AI by anyone's estimation. Why they took the biggest hit goes beyond AI I think.

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  • [–] 4 points 1 week ago (2 children)

    I was in at 24-28 and sold at 58-62, definitely okay with a round 2 attempt if it gets back into the mid 20s.

    Randomly another stock ive played the yoyo with is Boeing - BA

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  • [–] 3 points 1 week ago*

    According to this random website I found (at least it has sources) intel still makes 22% of it's revenue from consumer hardware. So the ram companies making consumer hardware more expensive (or just droping it entirely like micron did) harms intel a lot more than it harms the ram companies.

    Edit: The 22% also includes computers sold to businesses but not data centres

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  • [–] 12 points 1 week ago (4 children)

    Wait a couple more hours for the trading to open back up and watch what happens to the other tech stocks, they're either gonna bounce or the floor is gonna fall out of under them.

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  • [–] 3 points 1 week ago (3 children)

    They're already up in OOH trading. Not a guarantee they will go back up when US trading opens proper. But, it's usually a good indication.

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  • [–] 14 points 1 week ago (2 children)

    What's the saying, that the market can ignore reality longer than you can remain solvent, or something to that effect.

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