Quote:
Originally Posted by bluejays
So lucky today that NVDA invested in INTC. Been holding INTC since I bought it at nearly $35. I unloaded it at a loss, with the thought that it'll likely take some time before the company turns around. Plus NVDA supposedly only owns about 5% of the company, so ultimately not that much. Anyway, happy that so much of it was recovered today.
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So there was a post on wallstreetbets a while back about a guy who got an 800k inheritance from his grandma and dropped 700k of it into intel a day before their earnings report. That was the same earnings report where they cancelled the dividend and announced mass layoffs. He lost like 100K within seconds of the market opening the next day and proceeded to go down about 30% within the trading day. This lead to one of my favourite memes ever, dead intel grandma:
Even after their massive bump last week he still just barely broke even.
https://www.reddit.com/r/wallstreetb...l_stock_today/