Intel pops 16% for best day since March 2020 on potential breakup

Category: Finance

Intel shares surged 16.1% after reports of potential bids from Broadcom and TSMC, marking the company's best day since March 2020. The stock closed at $27.39 amid informal talks about splitting the chipmaker's segments and factories, as Intel struggles with declining market value and competition in the AI sector.

Keywords: Intel, Broadcom, TSMC

Source: CNBC

Update At: 2/19/2025

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