A potential deal to buy Intel could accelerate Qualcomm's diversification but will burden the smartphone chipmaker with a loss-making semiconductor manufacturing unit that it may struggle to turn around or sell, analysts said.
Intel's share price has plummeted, but I believe it has bottomed and presents a value opportunity for patient long-term investors. The Amazon deal solidifies Intel's standing in the AI chip market, signaling its competitiveness and potential to attract other major clients. Intel's upcoming catalysts include the Windows 10 upgrade cycle, AI computing advancements, and the buildout of AI infrastructure, all of which could drive profitability.
Intel Corporation (NASDAQ: INTC) has had a pretty rough year. Year-to-date, the company's stock price has fallen over 56% to a close of just under $22 per share on Friday.
Chris Caso, Wolfe Research senior analyst, joins 'Squawk Box' to discuss the various interest in Intel, what to make of Qualcomm's potential takeover and Apollo's investment in the company, the challenges facing Intel, and more.
One analyst notes that Intel's situation doesn't seem dire enough for the company to settle for a “fire sale.” Plus, Qualcomm could see Intel's foundry assets as a headache.
Qualcomm Inc. has approached Intel Corp. to discuss a potential acquisition of the struggling chipmaker, people with knowledge of the matter said, raising the prospect of one of the biggest-ever M&A deals.
U.S. index futures are modestly higher at the start of a new week as the rate cut euphoria fades and traders look ahead to the next key catalysts. The tech space could get a lift from a potential lifeline for struggling Intel Corp. INTC and traders may also look ahead to Micron Corp.'s MU earnings report due later this week.
Private equity giant Apollo Asset Management has agreed to make a $5 billion (£3.8 billion) investment into struggling Silicon Valley stalwart Intel Corp (NASDAQ:INTC, ETR:INL), according to a weekend report from Bloomberg. If confirmed, the supersized investment would equate to more than 5% of Intel's outstanding share capital.
Intel may receive up to $5 billion from Apollo Global Management, Bloomberg reports. The chipmaker is considering the offer, but no deal has been finalized yet.
Apollo Global Management has offered to make an equity-like investment of as much as $5 billion in Intel, according to people familiar with the matter. Bloomberg's Manuel Baigorri reports.
Apollo Global Management offers to invest as much as $5 billion in Intel, possibly in return for equity in the company, according to a report.
Apollo Global Management, a prominent US asset management firm, is reportedly preparing to invest up to $5 billion in Intel, Bloomberg reported on Monday. The potential investment comes as Intel navigates a period of significant market decline, with its stock price dropping nearly 60% since the start of the year.