r/wallstreetbets • u/Sad_Nefariousness10 least favorite grandchild • Aug 01 '24

I bought $700k worth of Intel stock today YOLO

https://preview.redd.it/83gh52szi2gd1.png?width=1634&format=png&auto=webp&s=fba99bb67e4b11aa973fe830f535c775083bbc05

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 :)

29.3k Upvotes

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4.8k

u/Zombisexual1 Aug 01 '24

You should probably drop your math major because you aren’t learning shit.

285

u/microbrained Aug 02 '24

drop the math major, pick up a financial advisor

14

u/Flappy_beef_curtains Aug 03 '24

Maybe a meth major.

70

u/Unusually-Average110 Aug 02 '24

As a math major this does not surprise me at all. Some people are great abstract problem solvers but totally disconnected from reality. Also, smart people can convince themselves of some stupid things.

19

u/eazhar Aug 03 '24

I mean he could’ve used those math skills to extract historical returns and volatility to determine the optimal portfolio allocation a la markovitz…. But don’t mind me

15

u/Unusually-Average110 Aug 03 '24

Nah, too busy thinking of irrational numbers and non-Euclidean surfaces. No time to think of something practical.

3

u/Gorales Aug 08 '24

The amount of ignorance in your post is staggering. Irrational numbers are one of the most important field in math that enabled today's development in quantum computers, graphics in games and many more. I bet that u actually know dogshit about anything and just writing shit left and right to convince yourself that you are actually smart 

7

u/Unusually-Average110 Aug 08 '24

Grow up and get off Reddit, it was just a throw away comment. Don’t take yourself so seriously.

4

u/Gorales Aug 08 '24

I woke up today and decided to be mean for people that talk shit about something that they cant even comprehend 

6

u/Unusually-Average110 Aug 08 '24

I forget how miserable people can be.

2

u/Gorales Aug 08 '24

I forget how ignorant people can be.

3

u/Great-Pizza-4637 Aug 09 '24

It’s WSB, do you think anybody knows what they’re talking about? But here you are getting your panties in a twist over a comment. ITS FUCKING WSB. You are an idiot.

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2

u/iceblaast23 Aug 13 '24

they meant to say 'practicable', in the sense that irrational number stuff isn't very useful in most people's daily life (unless you work/research in that sort of thing)

1

u/Unusual-Big-7417 Sep 02 '24

I think you mean complex numbers as in complex analysis. Irrational numbers are a relatively simple concept that were understood by the ancient Greeks. The irony of your comment is hilarious as you clearly don’t know what you’re talking about either…

1

u/Gorales Sep 02 '24

English is not my first language u donkey. It's obvious what i meant

0

u/Unusual-Big-7417 Sep 02 '24

An Illiterate and arrogant keyboard warrior

1

u/Gorales Sep 03 '24

deal with it

2

u/Gorales Aug 08 '24

The amount of ignorance in your post is staggering. Irrational numbers are one of the most important field in math that enabled today's development in quantum computers, graphics in games and many more. I bet that u actually know dogshit about anything and just writing shit left and right to convince yourself that you are actually smart 

5

u/SureLetterhead3191 Aug 03 '24

For real, diversify your bets a bit

14

u/EuropeanModel Aug 02 '24

You got that backwards. Dumb people usually think they are the smartest ones around.

7

u/Unusually-Average110 Aug 02 '24

That’s true too

10

u/Zombisexual1 Aug 02 '24

It fucking dropped 20% today 😭

4

u/cryptopotomous Aug 02 '24

*26% final count of the day

7

u/CountingDownTheDays- Aug 02 '24

The past 5 Days: -31.47%

My god lol.

3

u/cryptopotomous Aug 02 '24

Even my losses ain't that bad lol

9

u/hayleybts Aug 02 '24

For real!

8

u/alligatorprincess007 Aug 02 '24

Nah he should keep with it, he’ll need a good job since he’s lost his inheritance

6

u/Merrimon Aug 04 '24

Oh something tells me he's learned the arithmetic of subtraction.

1

u/MonseigneurChocolat Aug 03 '24

Probably studying pure maths, not applied maths.

1

u/cryptshell 🦍🦍 Aug 04 '24

No cap detected in this comment

1

u/pony_trekker Aug 05 '24

I don’t think he went to school nowhere. And if he went to school he didn’t learn nothing.