Intel stock pulls back from record rally as analysts note barriers to potential deals with TSMC, Broadcom

Intel stock pulls back from record rally as analysts note barriers to potential deals with TSMC, Broadcom

Intel (INTC) stock fell 6% Wednesday, ending a massive upswing in which shares notched their biggest five-day gain in its history as a publicly traded company. The decline came as analysts expressed skepticism over recent reports of potential deals with TSMC (TSM) and Broadcom (AVGO) to break up the storied US chipmaker.

Shares of Intel had surged 16% Tuesday following a Wall Street Journal report over the weekend that its rival, Taiwan’s contract chip manufacturer TSMC, has looked at…

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