Deal News and Rumors Are Pushing Intel Stock Higher to Start the Year [Video]

Intel shareholders would probably rather forget 2024. This year is off to a better start. 

Shares of the chipmaker are rising today alongside broader markets, leaving them up more than 5% in January, outpacing the S&P 500. That doesn’t change what’s in the rear-view mirror—Intel (INTC) is still off more than 50% over the past 12 months—but the signs of life are notable nonetheless. 

What investors may be buying into are signs of change in the wake of the retirement of CEO Pat Gelsinger late last year. One such development, which helped lift the stock this week: news that the company plans to make its venture fund a stand-alone entity, with the company remaining an investor. 

“This step supports our broader strategy to maximize the value of our assets while driving greater focus and efficiency across the business,” interim co-CEO David Zinser said of the decision. 

Meanwhile, news services circulated a report from a tech newsletter indicating that Intel might be …