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Benzinga
Benzinga
Business
Surbhi Jain

Intel Stock Rally Hands Tepper, Griffin, Simons, Asness Close To A $290M Payday

Intel Corporation Cliff Asness Jim Simons Ken Griffin INTC David Tepper Nasdaq
Santa,Clara,,Ca,,Usa,-,Nov,22,,2023:,Intel,Corporation's

Intel Corp's (NASDAQ: INTC) stock has been a rollercoaster, but four hedge fund titans — David Tepper, Ken Griffin, Jim Simons and Cliff Asness — are laughing to the bank with almost $290 million in gains since June.

As INTC rockets 39.38% from $22.40 to $31.22, is this billionaire quartet's bet on Intel's foundry dreams and AI pivot a stroke of genius or a lucky dip?

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