Reported about 9 hours ago
Billionaire investor Ken Griffin's Citadel Advisors has increased its stake in Intel by 172%, as reported in a recent 13F filing. This significant purchase, which nearly tripled Citadel's shares in Intel, suggests optimism around the company's future, particularly in light of potential benefits from government support for semiconductor manufacturing. However, despite this bullish move, Intel's stock has faced challenges, and analysts remain cautious on its recovery prospects, indicating that while Griffin's bet may indicate a turnaround, Intel's investment potential is still speculative.
Source: YAHOO