Below is the percentage chart of a truly amazing stock. All through the 1980s and 1990s, it did little but go up. That’s two DECADES, folks. It went up tens of thousands of percent. This is generational type wealth going on here.
Here’s the same stock over the past few years. Same company. Same industry. Most of the market cap obliterated over the span of a few dozen months.
Most interestingly of all, this is the past quarter century of the stock. That’s 300 months. Over 9,000 days.
You want to know what the summer 1999-summer 2024 return on this was? Tell ’em, Steve:
You probably have this figured out already. How a high-tech company can squander a quarter century of the biggest bull market in history is beyond me, but, hey, at least TENS OF BILLIONS of our tax dollars were given to them for free with that stupid CHIPS Act, right?
