35 AI News and Ratings You Should Not Miss

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19. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Latest reports, first published by news platform CNBC on October 17, indicate that Intel is looking to sell at least a minority stake in its Altera unit in a transaction that would raise several billion dollars. Per the reports, Intel is looking for a deal that values Altera at around $17 billion, according to sources quoted by CNBC. Back in 2015, the chipmaker had purchased Altera for $16.7 billion. The company made overtures to a number of private equity and strategic investors last week about Altera, the sources added.

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