alessandro@lemmy.ca to PC Gaming@lemmy.caEnglish · 9 days agoIntel crashes 29% in worst day since 1974, wipes $140Bworldbusinesswatch.comexternal-linkmessage-square22linkfedilinkarrow-up15arrow-down10
arrow-up15arrow-down1external-linkIntel crashes 29% in worst day since 1974, wipes $140Bworldbusinesswatch.comalessandro@lemmy.ca to PC Gaming@lemmy.caEnglish · 9 days agomessage-square22linkfedilink
minus-squarewopalopa@lemmy.worldlinkfedilinkEnglisharrow-up0·9 days agois the bubble finally bursting? i thought it would be way higher than 29%
minus-squareGreg Clarke@lemmy.calinkfedilinkEnglisharrow-up0·9 days agoIntel 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.
minus-squareramble81@lemmy.ziplinkfedilinkEnglisharrow-up1·9 days agoThe 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.
is the bubble finally bursting? i thought it would be way higher than 29%
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.
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.