Intel stock saw an 11% increase due to Qualcomm takeover possibility, Amazon partnership, and foundry spin-off

From Nasdaq: 2024-09-23 15:05:00

Intel Corporation (INTC) shareholders faced losses this year due to stumbling foundry business. Recent developments, like a possible Qualcomm takeover, partnership with Amazon, and Intel’s foundry spin-off, caused an 11% stock increase. However, challenges remain with competition, costly advancements, and expensive valuation. Analysts anticipate potential for upside in the future if current strategies pay off.



Read more at Nasdaq: 3 Reasons Why Intel Stock Sealed a Strong Week: Time to Buy?