Cesc Maymo / Getty images
Intel (Intc) Friday was early on track to kick its best weekly stretch in nearly 40 years before the rally sputtered.
Shares slipped 2% on Friday. That was still getting the stock up 23.6% since the start of the week-ears-ears, though less than the weekly earnings nearly 30% seen earlier on Friday, which would have identified the best five-day piece of the stock since 1987.
Intel was one of the worst stocks at the S&P 500 last year, when shares Lost 60% of their value And the storytelling American chip maker was dropped from the Blue Chip Dow. The company has struggled to keep up with competitors in the race to develop AI chips and invested billions in an uncertain turning scheme.
Sharing Had a boost early this week When Vice President JD Vance, speaking at an AI conference in Paris, said the Trump administration would take steps to ensure that AI chips were designed and manufactured in the US Intel Foundry Business, which produces chips For third parties, which could benefit from DRUMP forcing Technology companies for Trump having to counteract their technology domestically. Intel Foundry was a big bet of former CEO Pat Gelsinger who lost more than $ 13 billion last year.
The stock got another boost this week of speculation that Intel can Partner with Taiwan Semiconductor Manufacturing Co. (Tsm), the world's largest chip maker and Intel Foundry's leading competitor, to fake US chips and benefit from defensive policies operated by Trump and Former President Joe Biden.
Citi analysts said on Thursday that they were not optimistic about the benefits of such an arrangement; In their view, Intel would find it difficult to adapt to TSMC's processes and working arrangements. “We still believe that Intel should leave the foundry,” they concluded.
The TSMC rumors were just the latest in a series of rumors. Qualcomm (Qcom) allegedly gone to Intel last year to Offer to occupyand analysts have guessed that Broadcom (Avgo))) might be interested in acquiring the company.
Update – February 14, 2025: This article has been updated to reflect the price of Intel's closing on Friday.
Read the original article on Investopedia