Huge reward: Tan departs following a meeting at the White House in Washington. Shares of the chipmaker have rallied 28% this month, adding about US$24bil in market value on reports the US government is in talks for a potential equity stake. — Bloomberg
NEW YORK: After months of turbulence, Intel Corp bulls are finally being rewarded for their patience.
But the stock’s sudden rebound comes with a worrying side-effect: a valuation so high its most recent precedent is from the dot-com era more than two decades ago.
