Intel stock jumps after report of possible Apollo investment

The private equity firm would invest up to $5 billion in Intel, the Bloomberg report said, adding that Intel executives are weighing the offer. The news follows closely on the heels of multiple reports that the chipmaker is considering a friendly takeover by another chip giant, Qualcomm . That's because it debuted after the tech giants began working on their own AI chips, Moor Insights CEO Patrick Moorhead told Yahoo Finance in a recent interview.

Even if successful, some analysts say that a Qualcomm merger wouldn't necessarily be good for Intel or its shareholders — and that Intel should get out of the chipmaking business altogether. Bernstein senior analyst Stacy Rasgon also told Yahoo Finance on Monday that it would be "hard to do a deal where I think the risk would justify the returns."

"This news, combined with our AWS announcement, demonstrates the continued progress we are making to build a world-class foundry business," Gelsinger said inRetired members of the Unite union criticised the Chancellor’s decision to cut the payment, saying ‘the poorest among us will die this winter’.

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Intel stock jumps after reports of possible Apollo investmentIntel stock jumped on reports of a potential deal with Apollo Global Management.
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Asset management firm Apollo reportedly eyes US$5-billion investment in IntelThe news comes at a moment of weakness for Intel, which was once the most valuable chip maker in the world, but whose shares have lost nearly 60% of their value since the start of the year
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Apollo to Offer Multibillion-Dollar Investment in IntelApollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy.
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Apollo to offer multibillion-dollar investment in Intel, Bloomberg News reportsApollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in Intel, the report said citing a person...
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Apollo to Offer Multibillion-Dollar Investment in Intel(Bloomberg) -- Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the...
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Fed rate cut rally holds, Apollo reportedly eyes Intel investment: Yahoo FinanceMarkets (^DJI, ^IXIC, ^GSPC) are maintaining their upward momentum following the Federal Reserve's rate cut last week. The move comes as investors await two ...
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