From Nasdaq: 2025-02-18 14:58:43

Shares of Intel (NASDAQ: INTC) surged 8.9% on Thursday, outperforming the market. The chipmaker is exploring deals with other companies to regain ground lost to competitors like AMD and Nvidia in the AI market.

Broadcom is reportedly considering a bid for Intel’s product business, potentially leading to a split with Taiwan Semiconductor taking over manufacturing. This move could help Intel revitalize its business and drive value for shareholders.

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Read more at Nasdaq: Why Intel Stock Is Skyrocketing Today