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A rumor is circulating that Intel Corporation (NASDAQ:INTC) may be under the possibility of being acquired. According to the tech-focused newsletter SemiAccurate, Intel's shares surged by 7.6% recently following speculation that a "mystery company" is interested in acquiring the tech giant.
This sparks excitement as Intel for years been struggling with challenges that overwhelm the tech legend, thus the interest to this development sent the stock higher today among the top gainers.
Intel stands as one of the best in the semiconductor sector, with its partnerships and on-going contracts, Intel is seen as a good candidate for acquisition.
Tech enthusiasts and investment communities find this interesting, and analysts are keeping their eyes on the possible scenarios and for a domino effect on the concerning technology market for the acquisition. But Intel made no official confirmation or additional details about the potential acquirer's identity as of now.
This article first appeared on GuruFocus.