Why Did Intel Stock Pop Friday?

Group 1 - Intel's stock is experiencing a surge of 6.4% on Black Friday morning, despite the lack of clear reasons for this increase [1] - Taiwan Semiconductor Manufacturing Company (TSMC) is suing Intel to prevent the hiring of former TSMC vice president Wei-Jen Lo, citing concerns over potential trade secret leaks [3][4] - TSMC's lawsuit has led to a criminal investigation in Taiwan, with authorities raiding Lo's residences and seizing evidence related to national security [5] Group 2 - Intel disputes TSMC's allegations, claiming there is no merit to the accusations against Lo, but the lawsuit does not appear to justify the rise in Intel's stock price [6] - Despite a market cap of $187 billion and expectations for future profit growth, Intel is still burning over $8 billion in cash annually, with positive free cash flow projected to be a couple of years away [7] - Analysts suggest that Intel is not a recommended buy at this time, with other stocks identified as better investment opportunities [9]