Intel, Qualcomm Circle TenstorrentReportedly, Tenstorrent has also been working with investment banks to evaluate strategic options. Bloomberg reported Tenstorrent could be valued at more than $5 billion in a deal.INTC Extends MomentumIntel stock is trading higher on Friday as chip stocks track a firm risk-on tape and traders continue to lean into the stock's longer-term uptrend. The Nasdaq is up 0.57% while the S&P 500 has gained 0.56%.With the major indexes green and momentum names still in favor, Intel's move looks consistent with dip-buying behavior in a strong trend rather than a single headline-driven spike. The stock's outsized 12-month run keeps it on traders' radar when the broader market is pushing higher.Intel is also sitting close to its recent highs, which can attract breakout-focused flows even when the day's catalyst is mostly "tape-driven." That proximity matters because nearby resistance levels often become the next decision points for short-term positioning.Intel Analyst OutlookThe stock carries a Hold rating with an average price forecast of $77.65. Recent analyst moves include:
Citigroup: Buy (Raises forecast to $130.00) (May 18)
Benchmark: Buy (Raises forecast to $140.00) (May 18)
