Intel's (INTC, Financial) shares experienced a significant increase, rising by as much as 8.4%, marking the largest intraday gain since November. This surge followed reports suggesting that the company might become an acquisition target.
Despite this recent uptick, Intel's stock has faced challenges throughout 2024, with a decline of 60% year-to-date. The speculation around a potential acquisition has sparked investor interest, providing a temporary boost to the stock price.
