Intel's Stock Surges Amid Acquisition Rumors Involving Elon Musk

According to Odaily, U.S. tech media outlet SemiAccurate reported on the 17th that a mysterious company is interested in acquiring Intel (INTC.O) in its entirety. This news led to Intel's stock price soaring over 9% on Friday. Investment community Seeking Alpha recently noted that Citigroup analysts reviewed this paid report and mentioned to clients that Elon Musk is identified as a potential buyer in the SemiAccurate report. However, Citigroup analysts are skeptical about Musk's acquisition of Intel, stating in their report that it would be a 'bad outcome' for Intel unless the company can appoint a CEO with the qualifications to exit the commercial foundry business and possess advanced manufacturing experience, technical sensitivity, and Intel experience.