Intel Stock Keeps Climbing Amid Takeover Talk | Global News Avenue

The takeover rumors that boosted Intel’s stock price last week are still swirling today.

Intel Stock (international trade center) rose more than 2% on Tuesday afternoon, outperforming the broader market’s gains and extending Friday’s gains, in part because Rumors about the deal.

Citi analysts said last week that they believed Broadcom (AVGO) was rated as “the company most likely to be interested in acquiring Intel.” Analysts say such a deal could require Broadcom to sell troubled Intel Corp OEM business——Whereas “prescribed interest Developing commercial foundries at Intel. ”

Other named potential buyers include Qualcomm (Qualcomm) – JPMorgan analysts said last week they believed Elon Musk could be a wild-card buyer. Analysts “can understand the logic” if Musk is interested in Intel’s foundry unit, “given his Tesla (Tesla), xAI and SpaceX entities may require. ”

Intel is valued at tens of billions of dollars, but the stock has lost more than half of its value in the past 12 months, even after its recent rebound. The latest gains suggest investors may be buying into the possibility of change, including mergers and acquisitions. CEO Pat Kissinger retires end of last year.