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As I write this Intel stock is around $44, up from $41 last October, and that $41 is at an almost 18-year high, it hasn't been this high since the Dot-com bubbl
by avar 9y ago
As I write this Intel stock is around $44, up from $41 last October, and that $41 is at an almost 18-year high, it hasn't been this high since the Dot-com bubble. Look at the longer term graph[1]. Similar story for AMD[2] except it's at an all time high since 2007-ish.
The reason people are saying Intel stock isn't down is because of that, when what HN considers the worst thing ever is indistinguishable from fluctuations for the last 3 months the market doesn't think it's a big deal.
1. https://www.google.com/search?q=intel+stock https://www.google.com/search?q=intel+stock
2. https://www.google.com/search?q=amd+stock https://www.google.com/search?q=amd+stock
- sambe 9y agoThis didn’t become public last October.
- avar 9y agoWell yes, that's the point.
- sambe 9y agoThe point is that it's up from an arbitrary historical value? It's down since the story broke - that's the point.
- sdhgaiojfsa 9y agoIt's down from 47 to 45, and it's almost impossible to attribute this to these bugs with any reliability. Yes, there was some initial panic in the first days after the bug. You can see this in the volume the day after it was announced. But things have largely recovered since the low midway through this month. Of course, the stock market by no means knows everything. But the aggregate prediction of traders is that this doesn't matter very much to the bottom line, and I tend to agree.