I bought $700k worth of Intel stock today

This is trending on WallStreetBets on Reddit (link below)

TLDR: Grandma died 2 months ago. Left me $800k inheritance. I'm only a junior in college as a math major and I don't really have any use for the money, nor do I have any debt (I'm very fortunate that my parents are paying for my education). I always heard about people losing their inheritance by spending it on garbage instead of investing. So I told my parents I'm not going to spend a cent of this money and I'm going to invest all of it and they were proud of me. I put 100k into a high yield savings account and bought 700k worth of Intel stock at market open. I plan on holding this for a decade depending on how it performs.

Here's why I like Intel:

2024 Q1 up 9% YOY
Intel has been heavily investing and restructuring by building out the domestic foundry business to manufacture semiconductor chips for third party companies.
With Intel 3 in production, leading-edge semiconductors are being manufactured in the US for the first time in a decade. Intel will regain process leadership as the Intel Foundry continues to grow.
I think the fact that Intel is positioning itself to be the largest semiconductor manufacturer in the US is massive. The US Gov is heavily prioritizing domestic semiconductor production and thus is heavily supporting Intel as a company with R&D funding.
If NVIDIA or AMD are ever forced to change manufacturers due to rising tensions/war between China & Taiwan, Intel will likely be a sole or largest manufacturer for NVIDIA and AMD
Intel has been heavily investing in R&D. 5.9B out of 12.7B of Q124 revenue was invested in R&D.
Intel is on track to exceed its forecast of 40 million AI PCs shipped by the end of 2024
The Intel Gaudi 3AI accelerator is projected to deliver 50% faster inference and 40% greater inference power efficiency than NVIDIA H100 on leading AI models.
Trading at Forward PE of 17.05
Geopolitical tensions will ultimately work in Intel's favor more than any other company in this industry
I like the stock and I think its really cheap rn :)

Reddit Thread:
https://www.reddit.com/r/wallstreetbets/comments/1ehjuzj/i_bought_700k_worth_of_intel_stock_today/

Transaction Screenshot:
https://www.reddit.com/media?url=https%3A%2F%2Fpreview.redd.it%2Fi-bought-700k-worth-of-intel-stock-today-v0-83gh52szi2gd1.png%3Fwidth%3D1634%26format%3Dpng%26auto%3Dwebp%26s%3D21b7c3cb0bfee40f8a145cace150c376533a6799

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16 replies (most recent on top)

According to our Intel C/S pricing history you are in for a very very long wait sideways !
Be sure to limit some and short some along this future yellow no dividend road !

He would have been better off putting in a S&P500 ETF.

To avoid a market high, dollar cost average by buying $100k every month.

I wouldn’t hammer you for some investment, albeit risky, but there are much better investments to diversify with. Especially in 2024/2025 geopolitical uncertainties.

Intel is losing massive amounts of $$$ with existing foundries. Will this loss only grow, or scale as more foundries are built? Having worked at PGs previous company, operational excellence is certainly not his forte, but he can spin up DEI as the shiny distraction from incompetence.

You must be one mo--n, Intel will hire you. You lost your inheritance though by your stupidity.

Intel is extremely good buy at 20$, it will cross 100$ in next 5 years.

Remember AMD was dropped down to $3 before going fablesss.

I would have waited there is more downside to come. Pre-market Intel is already near the $22 range. Although with Intel's stock price history in the decade that they plan to hold the stock it could still be worth the original $700k.

https://www.cnbc.com/2024/08/02/intel-share-plunge-drags-down-global-chip-stocks-from-tsmc-to-samsung.html

Should have at least waited to Friday.

This is for real, check out that reddit thread

So you bought INTC instead of NVDA ?
Good luck

grandma will be rising from the dead
she wants her money back

Spam liar

#TSMC

I just rolled over in my grave.

Hi there, this is your grandma and I am watching this - I am very disappointed in you.

Thread regarding Intel Corp. layoffs

I bought $700k worth of Intel stock today

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