Shares of Intel (NASDAQ: INTC) had been transferring larger at this time on experiences that the legacy chip large could possibly be acquired.
Whereas the thrill is only a rumor at this level, it was sufficient to ship the replenish 8.2% as of 11:41 a.m. ET.
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Intel acquisition rumors are swirling once more
A web site following the semiconductor industry known as SemiAccurate stated its sources claimed that an unnamed firm was attempting to purchase Intel.
SemiAccurate stated it learn an e-mail from the acquirer despatched to a small group of executives about shopping for Intel outright, and it is now 90% assured that the plan is actual.
This is not the primary time that rumors have swirled about an acquisition as Intel has struggled. Qualcomm was additionally reportedly enthusiastic about shopping for Intel in September, or not less than its chip-design division, although its curiosity was stated to have cooled by November.
Might Intel be acquired?
Given the plunge within the inventory worth and its appreciable belongings, in addition to model title, an acquisition of Intel is definitely not farfetched.
Intel hasn’t stated it’s seeking to be acquired, however the enterprise is at the moment and not using a everlasting CEO, and the inventory has been in free fall, losing 60% of its value last year.
Right now’s pop is a bit shocking, as SemiAccurate is not a well known writer, and no different information supply has confirmed the information. Nonetheless, buyers are clearly longing for excellent news about Intel, whether or not that is an acquisition or one thing else.
For now, I would not wager on the corporate being acquired, however a buyout over the long term is definitely a chance.
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Jeremy Bowman has no place in any of the shares talked about. The Motley Idiot has positions in and recommends Intel and Qualcomm. The Motley Idiot recommends the next choices: quick February 2025 $27 calls on Intel. The Motley Idiot has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
