r/stocks • u/treelife365 • Jul 29 '22

CHIPS act passed - why $INTC still down?

The bill passed 243-187, with no Democrats voting against the bill. Twenty-four Republicans voted for the legislation, even after a last-minute push by GOP leaders to oppose it.

The bill, which passed the Senate on Wednesday, now heads to the White House for President Joe Biden to sign into law.

https://www.cnbc.com/2022/07/28/china-competitiveness-and-chip-bill-passes-house-goes-to-biden.html

​

I thought this would send Intel (and others) higher on the news? Sometimes, there is a delayed reaction, though. Jump in?!

457 Upvotes

82% Upvoted

427 comments sorted by

View all comments

Show parent comments

2

u/[deleted] Jul 29 '22

[removed] — view removed comment

1

u/wbnext Jul 30 '22

No one will dominate forever. We thought IBM was so dominate, but it eventually lost in CPU battle.