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<p class="has-drop-cap">Intel Corp. (NASDAQ: INTC), the once-dominant chipmaker, finds itself at a crossroads as it grapples with declining market share and a tumbling stock price. Recent developments suggest a potential shakeup for the tech giant, with Apollo Global Management offering <a href="https://www.reuters.com/business/finance/apollo-offer-multibillion-dollar-investment-intel-bloomberg-news-reports-2024-09-22/" target="_blank" aria-label="a multibillion-dollar investment (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">a multibillion-dollar investment</a> and Qualcomm Inc. (NASDAQ: QCOM) exploring a <a aria-label="possible takeover (opens in a new tab)" href="https://www.bloomberg.com/news/videos/2024-09-20/qualcomm-approached-intel-about-a-takeover-wsj" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">possible takeover</a>. These moves come as Intel works to revitalize its business under CEO Pat Gelsinger, with the company’s stock showing signs of renewed investor interest in <a href="https://tokenist.com/investing/how-to-trade-after-hours/" rel="dofollow" class="deco-link">pre-market trading</a>.</p> 
<h3 id="apollo-s-potential-investment-boost">Apollo’s Potential Investment Boost</h3> 
<p>Apollo Global Management has proposed an equity-like investment of up to $5 billion in Intel, signaling confidence in the chipmaker’s turnaround strategy. <br><br>Intel executives are reportedly weighing the offer, which could provide a much-needed capital injection as the company pursues an expensive plan to remake itself. The two firms already have an existing relationship, with Intel agreeing in June to sell Apollo an $11 billion stake in a joint venture controlling a plant in Ireland. While discussions are ongoing and the investment size could change, this move could mark a significant vote of confidence in Intel’s future.</p> 
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<h3 id="qualcomm-s-takeover-rumors">Qualcomm’s Takeover Rumors</h3> 
<p>In a separate development, Qualcomm has reportedly approached Intel to discuss a potential friendly takeover of the entire company. This proposal, if realized, could result in one of the largest M&amp;A deals in tech industry history. <br><br>Qualcomm, with a market capitalization of about $188 billion, dwarfs Intel’s current $93 billion valuation. The San Diego-based company has reportedly been in talks with U.S. regulators, suggesting it believes an all-American combination could address potential antitrust concerns. <br><br>Intel CEO Pat Gelsinger is said to be open to considering various transactions.</p> 
<h3 id="intel-stock-responds-to-news">Intel Stock Responds to News</h3> 
<p>Intel’s stock has shown positive momentum in response to these developments. In pre-market trading, shares were up 2.98% to $22.49, building on the previous day’s 3.31% gain. <br><br>However, these gains come against a backdrop of <a href="https://tokenist.com/is-intel-stock-intc-a-discounted-buy-or-a-hidden-pitfall/" rel="dofollow" class="deco-link">significant underperformance</a>, with Intel’s stock down 55.96% year-to-date and 38.90% over the past year, lagging far behind the S&amp;P 500’s positive returns. The company’s market capitalization stands at $93.39 billion, with a <a href="https://tokenist.com/investing/p-e-ratio/" class="deco-link">high PE ratio</a> of 91.00 reflecting investor optimism about future earnings potential.</p> 
<p>Despite the recent uptick, Intel faces an uphill battle. The company is in the midst of what many consider the most challenging period in its 56-year history. <br><br>As part of its turnaround efforts, Intel recently struck a deal with Amazon Web Services for a custom AI semiconductor and plans to turn its manufacturing business into a wholly owned subsidiary. With analyst price targets ranging from $17.00 to $58.53, the market remains divided on Intel’s prospects.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/why-intels-stock-intc-is-gaining-in-premarket-trading-today/">Why Intel’s Stock (INTC) is Gaining in Premarket Trading Today</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Why Intel’s Stock (INTC) is Gaining in Premarket Trading Today

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