Elon Musk’s takeover bid for Intel Corp. has sparked debate among analysts, with one expert expressing skepticism about the prospects of such a deal. A Bernstein analyst recommends avoiding Intel’s stock due to the potential for a rally driven by takeover rumors. However, this analyst doubts that Intel will see significant long-term gains from a potential acquisition.
Intel’s stock surged on Tuesday, marking its best day on record, following a report that hinted at a mysterious company making an offer for the chip maker. Despite the initial boost, analysts are questioning whether fellow semiconductor companies, such as those mentioned in a previous MarketWatch article, could be viable acquirers of Intel.
Source: https://www.marketwatch.com/story/could-elon-musk-buy-intel-as-takeover-talk-swirls-one-analyst-is-skeptical-e473aacd