Intel stock drops at the end of Rip-Roaring Week

Intel (INTC) Early on Friday, the rally was on a notching track to the highest weekly stretch in nearly 40 years.

The shares slid 2% on Friday. It had only risen 23.6% since the start of the week. This is less than the nearly 30% profit seen in the first half of Friday, but would have marked the stock’s highest five-day stretch since 1987.

Intel was one of the worst-performing stocks in the S&P 500 of stocks last year. Loss of 60% of the value And the renowned American chipmaker was dropped by the Blue Chip Dow. The company is struggling to keep up with its competitors in the race to develop AI chips, and has invested billions in uncertain turnaround plans.

stock I got a boost earlier this week Speaking at an AI conference in Paris, Vice President JD Vance said the Trump administration will take steps to ensure that AI chips are designed and manufactured in Intel’s Foundry business, which manufactures chips for third parties. He said that it can be done. They manufacture their technology domestically. Intel Foundry was a big bet for former CEO Pat Gelsinger, who lost more than $13 billion last year.

This week, stock prices were boosted once again due to speculation that Intel could do it. Partner with Taiwan Semiconductor Manufacturing Co. (TSM), the world’s largest chip maker and a major competitor of Intel Foundry, who manufactures chips in the US and benefits from Trump and the protectionist policies implemented. Former President Joe Biden.

City analysts on Thursday said they were not optimistic about the benefits of such an arrangement. In their view, Intel will struggle to adapt to TSMC’s processes and work arrangements. “We still believe Inter should leave the foundry,” they concluded.

The TSMC rumors were the latest in a string of rumored partnerships. Qualcomm (QCOM) reportedly, he approached Inter last year. I propose an acquisitionanalysts speculate on Broadcom (avgo)) You might be interested When acquiring the company.

Updated – February 14, 2025: This article was updated to reflect Intel’s closing price on Friday.

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