Intel stock initially surged on Monday but later gave up most of its gains, remaining flat by mid-afternoon. This surge was partly attributed to bullish dynamics related to recent events in Venezuela. The company’s share price had risen as much as 6.9% earlier in the day. The geopolitical news of the U.S. military operation in Venezuela could have implications for Intel’s foundry business, as it positions itself as an alternative to Taiwan Semiconductor Manufacturing. Intel is in a turnaround phase, with uncertainties in both its CPU and foundry businesses. However, potential wins in AI chip contracts could lead to significant stock gains. The Motley Fool’s Stock Advisor team has identified 10 top stocks to buy now, with Intel not included in the list. The team has a strong track record of market-crushing returns.

Read more at Nasdaq: Why Intel Stock Initially Surged Today but Has Given Up Most of Its Gains