Intel Seeks Apple Investment
Digest more
Stocktwits on MSN
Intel Stock Leaves Retail Traders Wanting More After 52-Week High On Investment Buzz — But Analyst Feels Apple Angle Doesn’t Add Up
Intel Corp. (INTC) stock closed at a new 52-week high on Thursday as traders bid up the stock on hopes that it would receive more bailout money as the chipmaker plots its turnaround. On Stocktwits, Intel stock was the top-trending equity ticker as of early Friday.
Intel stock surged after reports of early talks between Apple and Intel for a potential investment. Nvidia and SoftBank have already shown interest in Intel.
Intel has reportedly approached Apple Inc for an investment. But Intel's former directors believe going private is what will save INTC shares