Takeover rumblings that lifted shares on Intel lastꩵ week were s♛till rumbling today.

Shares of Intel (INTC) were up more than 2% Tuesday afternoon, outpacing broader markets' gains and extending Friday gains that were powered in part by 澳洲幸运5官方开奖结果体彩网:deal-related rumors.

Citi analysts last week said they see Broadcom (AVGO) as “the most likely company” to be interested in buying Intel. Such a deal, the analysts said, might require Broadcom to sell Intel's struggling 澳洲幸运5官方开奖结果体彩网:foundry business—which the U.S. government might not like, given a “澳洲幸运5官方开奖结果体彩网:stated interest in Intel developing a merchant foundry.”

Other named potential buyers have included Qualcomm (QCOM)—and JPMorgan analysts last week said they see a possible wild-card buyer in Elon Musk. The analysts “could understand the logic” if Musk were interested in Intel’s foundry arm, “considering the amount of chips that his Tesla (TSLA), xAI, and SpaceX entities likely require.”

Intel is valued in the tens of billions of dollars, but the stock has lost more than half its value over the past 12 months, even after its recent bounce. The latest gains indicate that investors may be buying into the possible that change, including M&A, is coming in the wake of CEO Pat Gelsinger's retirement 澳洲幸运5官方开奖结果体彩网:late last year.