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Luke Kawa

Intel is ramping on speculation of an acquisition attempt

Shares of Intel are spiking as much as 8% higher this morning following a report that the company will be the target of a takeover bid.

Semiaccurate, an online publication covering the industry, said that two months ago it gained access to an email about a “mystery company” thinking of making an attempt to buy the beleaguered US chipmaker in full. The outlet has recently received intel (pun intended) that significantly boosts its confidence that this plan will be pursued.

“This mystery company has the resources to pull it off, especially at Intel’s current valuation too,” author Charlie Demerjian wrote.

Semiaccurate, an online publication covering the industry, said that two months ago it gained access to an email about a “mystery company” thinking of making an attempt to buy the beleaguered US chipmaker in full. The outlet has recently received intel (pun intended) that significantly boosts its confidence that this plan will be pursued.

“This mystery company has the resources to pull it off, especially at Intel’s current valuation too,” author Charlie Demerjian wrote.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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