Intel, SoftBank
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Intel stock falls as the company seeks more investors after SoftBank deal and Trump administration considers equity stake.
Intel ( INTC) stock climbed more than 5% in pre-market trading Tuesday following the announcement that SoftBank Group ( SFTBY) will take a $2 billion stake in the ailing chip giant.
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S&P 500 Gains and Losses Today: Intel Stock Retreats; Analog Devices Jumps After Strong Earnings
The S&P 500 declined 0.2% on Wednesday, Aug. 20, 2025, as tech stocks slid and minutes from the latest Federal Reserve meeting highlighted policymakers' concerns about tariffs and inflation.
Intel fell almost 8% as investors awaited the government's decision on the stake purchase and processed the possible consequences.
The move is part of SoftBank's investing initiatives in the US, which also includes commitments towards AI computing. Intel, which has lagged behind in the chip race after being the erstwhile market leader,