Why Intel Stock Is Soaring Today

Shares of Intel (NASDAQ: INTC) are spiking Tuesday, up 7.4% as of 11:38 a.m. ET. The jump comes as the S&P 500 (SNPINDEX: ^GSPC) lost 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.1%.The struggling chipmaker's stock is flying higher after it was revealed that the Japanese conglomerate SoftBank is taking a major stake in Intel.The companies announced this morning that SoftBank would take a $2 billion equity stake in Intel at a price of $23 per share. This makes SoftBank the fifth-largest shareholder, owning about 2% of the chipmaker.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool