Intel Hits Dot-Com Highs, Ally Beats, and QVC Dies: Thursday's Wildest Market Moves

Let's play a game: one company filed for bankruptcy today, one hit prices it hasn't seen since Y2K was a real concern, and one quietly beat earnings while everyone was doom-scrolling ceasefire news. $QVCA filed for Chapter 11 — down a staggering 92% year-to-date — as part of a plan to cut over $5 billion in debt. Turns out selling cubic zirconia over cable TV to people who can't figure out Amazon is not, in fact, a durable business model.

Meanwhile, $INTC is surging to its highest intraday level since the dot-com era on chipmaker turnaround optimism — which is either a legitimate inflection point or the market doing its best impression of 1999. Bloomberg flagged it, Reddit semi-threads are buzzing, and even cautious voices are acknowledging the technicals look interesting. And quietly in the corner, $ALLY popped 4.5% after beating earnings on strong car purchasing activity, with zero exposure to the private credit mess haunting bigger banks.

One company is a cautionary tale about ignoring the internet for two decades, one is a comeback story Wall Street is only now starting to believe, and one is just out here doing its job — which, in this market, is practically heroic.