Qualcomm (QCOM, Financial) saw its stock rise over 1.4%, reaching $161.055. Recent reports indicate that Qualcomm's interest in acquiring Intel has diminished. The complexity of acquiring all of Intel's operations has made the deal less attractive to Qualcomm.
Insiders suggest that Qualcomm might shift its focus to specific segments of Intel's business or potentially revisit the acquisition idea at a later time.
