A Bernstein analyst recommends avoiding Intel’s stock as takeover rumors have the potential to drive a rally, though “it doesn’t feel like a long either.”

Then came a tweet from the often-well-placed Dylan Patel of SemiAnalysis that mentioned Intel, Musk, GlobalFoundries and Qualcomm. It wasn't clear if the Tesla, SpaceX and X boss, and presidential influencer with a White House pass, might be a suitor or an intermediary in talks.

It's not even Inauguration Day yet, but Donald Trump is making headlines across the financial world. Friday night he launched a meme coin - $TRUMP - that quickly skyrocketed to a fully diluted valuation of $75 billion.