Intel INTC Stock Surges 40% Amid TSMC Takeover Opportunity, DAX 40 Hits Another Record
Stock markets have turned lower in the US session, however, DAX closed at another record level, while the Intel stock is among the few gainers, as the shares of most major companies fell.
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The stock market saw a mixed performance today, with technology stocks leading the way, driven by significant gains in the semiconductor industry. Meanwhile, the healthcare sector faced notable challenges. The highlight of the session was Intel’s stock, which surged 10% today, continuing a remarkable rally that has seen it climb almost 40% since last Monday.
Investor interest in Intel has spiked due to growing speculation about increased taxes on foreign-made chips, which could provide a competitive advantage to U.S.-based semiconductor manufacturers. Intel’s shares, which were trading at $19 early last week, have now soared past $26. The company has been heavily investing in domestic production facilities, positioning itself as a key player in the evolving trade landscape.
Intel Stock Chart Daily – Buyers Facing the October High
Intel’s stock had been in a prolonged decline since 2021, when it traded just below $70, as the company struggled to keep up in the AI race. By July 2024, shares had dropped below $19, forming a strong support level. However, renewed interest from investors and potential acquisition rumors have fueled a resurgence in its stock price.
Since the U.S. markets were closed for a holiday yesterday, today’s trading session saw Intel gain another 10% from Friday’s closing price, as investors reacted to reports of possible buyouts of Intel’s business divisions by major semiconductor firms.
Potential Takeover by TSMC and Other Tech Giants
According to a New York Times report, Taiwan Semiconductor Manufacturing Company (TSMC)—which dominates global advanced chip production—may be considering an acquisition of Intel’s manufacturing operations. There is speculation that TSMC, along with a private equity and technology consortium, could take a majority stake in the company. Meanwhile, Broadcom and Qualcomm are reportedly exploring the possibility of acquiring Intel’s chip design and production unit.
These acquisition discussions follow Intel’s decision to replace its CEO a few months ago, after the former leadership failed to modernize and stabilize the company. With the semiconductor industry undergoing rapid transformation, Intel’s future remains uncertain, but investor confidence in its recovery appears to be growing.
At the same time, European markets remained strong, with Germany’s DAX 40 hitting another record high, reflecting broader optimism in global equities. European equity markets showed a mostly positive performance, with Spain’s Ibex and Italy’s FTSE MIB leading the gains. The UK’s FTSE 100 underperformed slightly but remained relatively stable. The overall sentiment in European markets remains cautiously optimistic, supported by strong corporate earnings and expectations of monetary policy easing later in the year.
European Stock Market Closing Levels
- Germany’s DAX closed higher by 59.04 points (+0.26%), settling at 22,863.24. The index continues to show resilience despite mixed sentiment in global markets.
- France’s CAC 40 edged up 17.43 points (+0.21%), reaching 8,206.57, maintaining its upward trajectory with steady gains.
- UK’s FTSE 100 ended marginally lower by 1.28 points (-0.01%) at 8,766.74, reflecting a subdued session amid investor caution.
- Spain’s Ibex 35 posted a strong gain of 127 points (+0.98%), closing at 13,143.91, marking one of the better performances among European indices.
- Italy’s FTSE MIB advanced 226.43 points (+0.59%) to 58,554.14, extending its bullish run and nearing multi-year highs.
German Index Dax 40 Live Chart
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