Intel Stock Keeps Climbing Amid Takeover Talk

Market Performance and Takeover Rumors - Intel shares rose more than 2% on Tuesday, extending gains from Friday, driven by takeover rumors [1] - Intel's stock has lost more than half its value over the past 12 months despite recent gains [2][3] Potential Buyers and Deal Dynamics - Citi analysts identified Broadcom as the most likely buyer for Intel, though a deal might require divesting Intel's foundry business due to U.S. government concerns [2] - Qualcomm and Elon Musk were also mentioned as potential buyers, with Musk's interest tied to the chip needs of Tesla, xAI, and SpaceX [2] - Intel's valuation is in the tens of billions of dollars, but its recent performance has been weak [2] Investor Sentiment and Strategic Shifts - Recent gains in Intel's stock suggest investors are anticipating potential changes, including M&A activity, following the retirement of CEO Pat Gelsinger [2] - The market is reacting positively to the possibility of strategic shifts at Intel, despite its long-term underperformance [2][3]