Intel stock jumps on potential $5b investment from Apollo

Qualcomm is also reportedly interested in acquiring Intel, but analysts raise concerns about regulatory approval


News Desk September 23, 2024
Intel stock jumps on potential $5b investment from Apollo

Intel stock surged on Monday after reports that Apollo Global Management is considering a $5 billion investment, potentially in exchange for equity. Although the deal is not finalised, it reflects growing investor confidence in Intel's ability to recover from its struggles against rivals like Nvidia and AMD. 

Qualcomm is also reportedly interested in acquiring Intel, but analysts raise concerns about regulatory approval, particularly from China, amid ongoing trade tensions and stricter export restrictions being considered by the Biden administration. 

BofA Securities analyst Vivek Arya cautioned that challenges, including Intel's significant debt and financial losses, may outweigh potential benefits for any investor. 

Despite these hurdles, Intel shares rose 2.4% to $22.32, making it the best performer in the Dow Jones Industrial Average on Monday. Apollo Global Management's stock increased by 1%, while Qualcomm gained 0.1%.

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