> AMD shares surged as much as 7.2 percent to $11.77 Wednesday. Intel fell as much as 3.8 percent, the most since April, to $45.05. An Intel spokesman declined to comment.
I have no real context for this, but is 7.2% considered a "soar"? And a 3.8% decrease seems like kind of not a lot, considering what's fucking happening here.
A 7.2% rise intraday is pretty big, especially for traders holding leveraged positions. If you're comparing to crypto markets then no, but generally speaking yes.
The stock price is the present value of the future profits. Since this shouldn't have a huge effect beyond 4 years, that's saying profits for Intel in the short term would be down by 20 percent.
I have no real context for this, but is 7.2% considered a "soar"? And a 3.8% decrease seems like kind of not a lot, considering what's fucking happening here.