To a person who bought $700k worth of INTC… sell this stock now and split the remaining money between a high-yield savings account and VOO…

    https://www.cnbc.com/2024/08/02/intel-share-plunge-drags-down-global-chip-stocks-from-tsmc-to-samsung.html

    Intel heads for worst day on Wall Street in 50 years, falls to lowest price in over a decade…
    byu/IP_1618033 inwallstreetbets



    Posted by IP_1618033

    41 Comments

    1. GringottsWizardBank on

      If you would have bought in the late 90s and never sold you’d be about even right now. Utterly dog shit company. At this point it’s a generational rite of passage to get burned by Intel. A value play implies there’s value to be had.

    2. ActionNorth8935 on

      Owning this stock is like sticking your balls in a vice and start tightening the screws. Everybody’s yelling at you that you could just turn it the other way and just get out, but you’ve grown to like the pain and just keep tightening.

    3. Putrid_Web_8080 on

      this post is the definition of keep beating the dead dog. It is the granpa whos late to the meme party and insist on using it. It is the 110th million guy who use hawk tuah meme

    4. I remember reading about the guy who spent the inheritance from his Nana on INTC and I was thinking “bold move” but it’s wrooong.

    5. larrylegend1990 on

      The last time you see prices this low was in 2015… thats how shitty the stock is.

    6. For someone who owns zero intel shares I just picked up 200 shares for cheap today

    7. Appropriate_Ice_7507 on

      He is (was) a math major. He might now be switching to bag holding. I hear more and more people are getting into it lol

    8. Lionessandlover on

      I made a boat load of cash on my 8/2 30p contracts, picked up some lotto 8/9 20p because I don’t think they’ve found the floor yet

    9. Novel-Emotion-5208 on

      It’s fine, he didn’t need the money since he studied math at a university 🙈

    10. Responsible_Bass6369 on

      His nana would be proud of him if he bought intel puts yesterday instead of shares

    11. VariationConstant675 on

      Just imagine how the employees are feeling now there ….truly embarrassing and I wonder how the US can’t make a good manufacturing business……car, airplane, semi chips….they suck, simply suck….

    12. Oh, I thought Intel guy dumped his inheritance into Intel *after* the 25% drop. He’s having a bad day.

    13. I’m a complete normie, all my investments are index funds, but THIS is why I keep coming back to this sub. I’m friggin dying over here lmao.

    14. Null_Singularity_0 on

      No, he should drop it all into a penny stock trading for $0.0001. The only direction it can go is up!

    15. daddys_juicy_dong on

      I get the intel hate but how many other dogshit companies are running on valuations which are actually ridiculous? Intel has been fundamentally undervalued comparatively even at $30, but again that’s assuming the stock market is actually rational and not algo shitstorm

      If CVNA is at 140$ I don’t take anything seriously in this market. INTC can rocket to $50 this year and I wouldn’t be surprised, clown world.

    16. I_Just_Blue_Myself on

      It was ridiculous to buy a single stock with that amount of money anyways.

    17. unknownnoname2424 on

      buy ARM… it’s the king of cpu’s and will be big time in GPU for mobiles soon… and will be eating the market for laptops and desktops from Intel and amd… also once market picks up it will be back to $160 to $170 within days… buying shares now can net you $60+ premiums for dec 2026 covered calls when it hits $160… had sold tons of covered calls and just bought them all today… tons made

    18. Miguelperson_ on

      From essentially being a monopoly to this shit…. AMD ryzen and their new line up was a much bigger dick down on intel than initially assumed I guess lol, get fucked intel

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