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aquarain t1_iskrsv9 wrote

Tech companies are taking a beating.

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857477459 t1_islnqd8 wrote

In another thread someone was saying a specific company was dying because their stock was down 60%. Only problem is EVERY semiconductor stock is down that much. Seeing as I'm pretty sure we're still going to need chips going forward I'm pretty sure these companies are gonna be fine in the long run.

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aquarain t1_islqadh wrote

Intel, AMD and Nvidia are all off 50-60% ytd. They were crazy high before, and are still, on a price/income basis. Nobody seriously thinks any of the three is in danger of going bankrupt.

People are watching their 401k shrivel.

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bigfatmatt01 t1_islvrx4 wrote

Boohoo did the rich people lose at their rigged casino? I think I'll go cry for them as I imagine what its going to be like to have to work till I drop dead.

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