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> 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.

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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.

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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.

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