Intel stock fell Wednesday, ending a massive upswing that saw the stock notch its biggest five-day gain in its history as a publicly traded company.

The shares of Intel Corporation (NASDAQ: INTC) are trading 4.6% higher in Tuesday pre-market amid reports of a deal with Broadcom Corporation (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing Co.

Intel stock surged nearly 16% on Tuesday after a Wall Street Journal report suggested that Broadcom and TSMC were considering potential bids for the renowned chipmaker. Broadcom is said to be eyeing Intel’s chip design businesses,

Former Intel CEO Craig Barrett has criticized proposals to split the company, blaming the board for its decline and arguing that firing them and reinstating Pat Gelsinger would be a smarter move as Intel fights to regain its competitive edge against TSMC and Broadcom amid financial struggles and production delays.

Intel is testing its last shot at redemption. Nvidia and Broadcom are interested--but will they actually commit?

Tests show chip designers moving closer to manufacturing decision Intel’s contract manufacturing business faces delay to mid-2026 Intel foundry revenue expected to