Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 16 November 2012 10:29

Intel, AMD and Apple stocks hit record lows

Written by Peter Scott



Tech stocks are a safe investment, right


Just six months ago we witnessed the botched Facebook IPO, a truly embarrassing episode for Wall Street and the media hype machine. However, confidence in tech stocks was not shaken. Not that long ago Apple peaked at $705 and other tech stocks did quite well. It did not last.

On Thursday, Intel and AMD hit their 52-week lows. Intel hit an intraday low of $19.98, slipping under $20 for the first time since September 2011. In fact, Intel shed 24 percent of its value over the last there months. AMD fared even worse. The stock dropped 8 percent and closed at $1.92, losing 53 percent of its value in three months. Through much of 2010 and 2011 AMD traded in the $8 to $10 range.

Even the mighty Apple is being mauled by the bear market. The stock slipped to $525 on Thursday, and although it’s still up 30 percent year-on-year, Apple lost 25 percent of its value since September.

Fears of a double-dip recession in Europe, the US fiscal cliff and other concerns are clearly heavy on investors’ minds. So basically the market is being dragged down by debt ridden European socialists and Randian right-wingers in the US. Odd bedfellows, but there you have it. There is a price to pay for being governed by inept demagogues from both sides of the political spectrum.

Peter Scott

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments