Sat. Dec 21st, 2024

Intel-Qualcomm Takeover Report Sparks Stock Surge

A report suggesting Intel may make a takeover offer for Qualcomm sent both tech stocks soaring on Tuesday. The Wall Street Journal reported that Intel is considering a bid for Qualcomm, citing people familiar with the matter. Intel’s stock price jumped 7% in after-hours trading, while Qualcomm’s stock price rose 13%. The potential deal would bring together two major players in the semiconductor industry.

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