From Morningstar: 2024-09-23 09:49:00

Morningstar plans to maintain $21 fair value estimate for Intel and $180 for Qualcomm following reports of Qualcomm making a takeover approach to Intel. No deal price was discussed, and antitrust scrutiny is expected. Intel’s shares rose 3% while Qualcomm’s fell 3% post-report.

Qualcomm looking to acquire Intel amid Intel’s transformation, but doubts remain about addressing Intel’s competitive disadvantage. A takeover may not resolve share losses to AMD in CPUs. Potential benefits like increased cash flow and strategic insights from Qualcomm. Significant regulatory scrutiny likely.

Key Morningstar metrics for Intel: Fair Value Estimate $21, Morningstar Rating 3 stars, Economic Moat Rating None, Uncertainty Rating Very High. Register as a Morningstar Basic member to view the full article.



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