The American chipmaker missed out on the generative AI boom and is now in talks with rivals to which it lost market share, according to a report from the ‘Wall Street Journal.’ Shares of Intel Corporation (NASDAQ:INTC) surged over 10% on Tuesday on the news that rivals Broadcom and Taiwan Semiconductor Manufacturing Co.

Key Takeaways The S&P 500 gained 0.2% on Tuesday, Feb. 18, 2025, posting a record close to kick off an abbreviated trading week that will see the release of the Fed's latest meeting minutes.Intel stock surged following reports that industry peers TSMC and Broadcom are evaluating separate deals that would separate the chipmaker's design and

Intel is rising but a potential split of the company’s operations between Taiwan Semiconductor Manufacturing and Broadcom faces major hurdles.