Intel Stock Rises on $5B Apollo Investment Offer

Intel's Stock Reaction to Apollo's Investment Offer

Intel shareholders are experiencing a welcomed relief as the company's stock price rose on Monday, following news that Apollo Global Management intends to make a significant investment. According to Bloomberg, Apollo plans to offer up to $5 billion in an equity-like investment, marking a strong vote of confidence in Intel's recovery strategy under CEO Pat Gelsinger.
The semiconductor giant has faced challenges this year, witnessing a loss of over $100 billion in market capitalization with shares dropping more than 50%. However, the recent news propelled a 5% surge in premarket trading, highlighting renewed optimism among investors.