Some people also thought Gamestop was a good deal at $400 after 50x-ing...but when you look at fundementals, earnings and actual projected growth and not just the hype, you see the stock for what it really is. At $20 it was a good deal because of the possibilities of long term success (which we haven't seen any actual evidence of yet), but at $125 it is way overpriced.
Another way to look at it. TSMC profit in 2025 was equivalent to Intel revenue (both about $55B), but Intel made zero dollars profit, yet somehow their market cap is now half of TSMCs.
I actually owned quite a bit of Intel stock bought at $19, but was forced to sell it. Then I bough some for $45 last year, and sold couple weeks ago for $60, just a day or two before it took off. Lucky me....
Intel is the Chrysler of chipmaking. It's only alive because the USA strategically needs a USA company to be able to make and design at least some kind of chips.
Another way to look at it. TSMC profit in 2025 was equivalent to Intel revenue (both about $55B), but Intel made zero dollars profit, yet somehow their market cap is now half of TSMCs.