Shares of the much-maligned semiconductor giant Intel (NASDAQ: INTC) have jumped over 30% in the past week as of the Feb. 18 close. This is primarily due to rumors that Intel could sell off large parts of its business to two semiconductor behemoths. President Trump reportedly planted the seed for this idea. So, is the rise in Intel shares a sign that things could be turning around for this stock, or is it driven by hopeful optimism without staying power?
Below, I’ll detail the much-talked-about rumors involving Taiwan Semiconductor Manufacturing (NYSE: TSM), Broadcom (NASDAQ: AVGO), and Intel. I’ll also shed light on comments made by Vice President JD Vance that kicked off the rally.
