Why Intel Stock Popped Today
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Intel's stock rose 8.2% amid rumors of a potential acquisition by an unnamed company, according to SemiAccurate. The report claims the acquirer is 90% confident in the plan, although Intel has not confirmed any acquisition intentions. The company is currently without a permanent CEO and has seen a significant decline in stock value, losing 60% last year. While the acquisition rumors are unverified, investor interest remains high, suggesting a possible buyout in the future.
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