Apollo to Offer Multibillion-Dollar Investment in Intel

Published On Sep 23, 2024, 8:06 AM

Apollo Global Management Inc. has proposed a potential investment of up to $5 billion in Intel Corp., indicating confidence in Intel's ongoing turnaround strategy led by CEO Pat Gelsinger. This comes amidst discussions of a friendly takeover of Intel by Qualcomm Inc. and follows Intel's recent efforts to revitalize its business, including a key partnership with Amazon Web Services on AI semiconductors. Despite facing declining sales and a significant drop in share value this year, Intel's stock rose in response to these developments.

Read full article

Stock Forecasts

INTCView INTC chart on TradingView

Positive

Apollo's proposed investment could signal market confidence in Intel's turnaround strategy and emerging growth opportunities, potentially stabilizing or boosting the stock price in the near term.

Related News

Post Office scandal: Second IT system 'likely' to have caused shortfalls

Sep 30, 2024, 11:20 AM

A report says it is likely that Capture, which preceded the Horizon system, also caused shortfalls.

INTC

Stock market today: Dow hits fresh record, stocks close out strong week as inflation cools

Sep 27, 2024, 4:07 PM

The market is looking to August's PCE print to calculate whether another jumbo cut is coming.

AAPL
COST
INTC

Stock market today: Stocks gain as Fed's favored inflation gauge cools

Sep 27, 2024, 9:37 AM

The market is looking to August's PCE print to calculate whether another jumbo cut is coming.

INTC
BABA