On Friday, shares of Intel Corp . (NASDAQ:) rose in pre-market trading following speculation that the company could be a potential acquisition target. This information, reported by SemiAccurate, has sparked investor interest in the chipmaker’s stock.
This rise in Intel’s stock price marks a positive turning point for the company, which has seen a significant decline in its stock value over the past year.
In 2024, Intel shares fell 60%, reflecting the challenges the company faced in a competitive market.
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