Stock Market Today: Intel Pops Nearly 7% After SoftBank Buys $2 Billion Stake

Intel (NASDAQ: INTC) jumped 6.97% on Tuesday to close at $25.31, up $1.65. Trading volume soared to 293 million shares, nearly triple its 3-month average of 94 million. The rally followed headlines that SoftBank (OTC: SOBK.Y) plans to acquire a $2 billion stake in the embattled chipmaker, purchasing shares at $23 apiece -- amounting to roughly 2% of the company.The broader market ended the day lower. The S&P 500 slid by 0.6%, while the Nasdaq Composite dropped by 1.5%.Peer chipmakers saw mixed results. Nvidia (NASDAQ: NVDA) fell 3.5% to $175.64, while Taiwan Semiconductor Manufacturing (NYSE: TSM) declined 3.6%, closing at $232.70.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool