Intel Investors Who Bought During the Peak of the Dot-Com Bubble Are Finally Out of the Red. It's a Painful Reminder of Why Valuations Matter
Intel's stock is once again trading at a high valuation, just like it was during the crash of the early 2000s.
Overview
Intel (NASDAQ: INTC) is having quite a moment. This year, the tech stock has surged around 180%. And over the past 12 months, its gains are even larger at about 340%. Renewed optimism around the business, some big-name investments, and stronger results in its foundry operations are the key reasons for its success.
But it wasn't all that long ago that this wasn't a great stock to own. While it's done well over the past year, some investors have been waiting years, perhaps even decades, to recoup their losses on the stock. That's because it recently hit levels it hasn't been at since the dot-com crash.
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Originally published at www.fool.com.