Intel stock has worst day since 1970s, wiping about $12 billion off government's stake
www.cnbc.com
Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.
  • 8oow3291d@feddit.dkEnglish
    11·
    1 day ago

    Ah, thanks, I were too lazy to read the article.

    The article does still say:

    While it’s still a profitable investment, the value of those holdings dropped by about $12 billion on Friday.

    So while fuck Republicans in general, and the government taking such a stake is not very free market, it is not completely obvious that taking the stake was stupid. Losing $12 billion on a $9 billion investment is a clue :P.