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Intel is laying off over 15,000 employees and will stop ‘non-essential work’
(www.theverge.com)
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this post was submitted on 01 Aug 2024
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There’s a dude in wallstreetbets who dumped a $700k inheritance into Intel stocks. lol
Oh my god...
https://www.reddit.com/r/wallstreetbets/comments/1ehjuzj/i_bought_700k_worth_of_intel_stock_today/
Meh, he bought a significant dip, even if it goes lower in the coming months, in a few years he will be way up. It's not like Intel will go away, they are in a duopoly market.
Intel has been down from around 50 YTD to 30 likely in a few years it will be back to 50 and he will close to double his money
Though he could have probably just put the 700K into S&P 500 and have his retirement taken care of, since he is in his 20s
Yeah but still... could've at least waited a day
Holy F, what an idiot nepo baby. Maybe daddy who pays for college works as a VP at intel