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Benzinga
127 days

Intel Offloads Half Of Altera, But INTC Stock Hasn't Turned Around From Bear Mode

1. Intel sells 51% of Altera for $8.75 billion to Silver Lake. 2. Stock rose 3%, but remains in bearish territory. 3. Technical indicators suggest negative momentum for INTC. 4. New CEO Raghib Hussain aims to drive Altera's AI focus. 5. Earnings report in 10 days could shift market perception.

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FAQ

Why Bullish?

The Altera deal may improve operational focus and investor sentiment. Historically, strategic divestitures can lead to stock price recovery, as seen with similar tech companies.

How important is it?

The article discusses a significant operational shift and immediate market reaction, crucial for INTC's future outlook.

Why Short Term?

The immediate effect is tied to the earnings report due in 10 days, which could trigger significant price movements short-term.

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