Intel stocks are currently on a rising spree after news broke out that it is on the verge of being acquired by a 'mystery company.' Ever since the news started spreading, there began strong rumors that Elon Musk could be looking at acquiring Intel alongside Qualcomm,

Intel stock surged on rumors of a potential buyout involving Elon Musk, suggesting a 20%-30% premium. Click here to read more on the possible INTC buyout.

Key Takeaways Intel shares added to recent gains Tuesday following a report last week that the company could be a takeover target. Rival chipmaker Broadcom is the most likely buyer, some analysts said,

Citi trimmed its price target on Intel stock this morning, while HSBC upgraded the stock. Both banks believe Intel stock is overpriced today, yet curiously advise investors to hold the stock anyway. This is bad advice.

Shares of Intel (INTC) have trailed the broader markets by a significant margin in recent years. In fact, Intel stock touched an all-time high during the dot-com boom and has burnt investor wealth for over two decades.