Intel Stock Climbs As It Seeks Investment From Apple: Report
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Intel Corp. stock rose 6% after reports of the company seeking investment from Apple, Inc. Discussions between the two firms are preliminary and may not lead to a deal. Intel's CEO is pursuing partnerships to enhance competitiveness in the AI sector, following a $5 billion investment from Nvidia. Former Intel board members have suggested privatization to improve competitiveness against rivals like TSMC. Intel shares closed at $31.22, up 6.41%.
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