That’s a lot of layoffs.

So they got all that money from Uncle Sam’s CHIPS Act only to lay off 10,000 employees and make themselves “lean”. Govt funded unemployment.

  • @[email protected]English
    28•4 months ago

    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