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