Intel’s woes wipe out $1 trillion of semiconductor market cap in one day — PC market bloodbath leaves few chip stocks unscathed
www.tomshardware.com
$1 trillion in semiconductor market capitalization wiped out.
  • Monument@piefed.worldEnglish
    0·
    10 days ago

    I’m annoyed when a bloodbath on Wall Street is reported and 1.) the blood in question is metaphorical; 2.) it’s the retirement funds of average people that suffer because those who make a living gambling on these stocks have a lot more flexibility to dance around changing market conditions (and take tax write offs if they do manage to lose money).

    • yannic@lemmy.caEnglish
      0·
      9 days ago
      1. The bloodbath is a single-digit percentage, leaving no room for hyperbolic descriptors of textbook stock market corrections.