Shares of chipmaker Intel (INTC) popped in extended trading Friday, pulled higher by a report that Qualcomm (QCOM) had made a "takeover approach."

The story in The Wall Street Journal, citing people familiar with the matter, said Qualcomm recently made a takeover approach to Intel. The news sent Intel's stock up about 4%. Qualcomm's was little changed, after falling close to 3% in the regular session.

Investors have in recent weeks considered 澳洲幸运5官方开奖结果体彩网:a raft of stories about possible deal activity involving Intel, with Wall Street looking for signs that the company might be on a path to raising fresh capital or shoring up its businesses. The company this week, meanwhile, updated investors about 澳洲幸运5官方开奖结果体彩网:its strategic plans and said a sale of its stake in Mobileye (MBLY) was 澳洲幸运5官方开奖结果体彩网:off the table.

Qualcomm had been cited in 澳洲幸运5官方开奖结果体彩网:some of those Intel reports. A takeover, however, would be particularlꦚy♚ dramatic: Intel's market capitalization was recently about $90 billion.

Intel's shares are down more than 50% in 2024.