It was big news for chip stock Intel ($INTC) today as the formerly cash-strapped giant landed a hefty new slug of funding from no less than

A series of jumps in Intel Corporation’s (NASDAQ: INTC) stock price during the middle of August has sent shares of the tech sector giant above the $25 mark on massive trading volume. This multiday rally was the market’s recognition of a fundamental transformation in the company's investment story.

SoftBank is investing $2 billion in Intel at $23 per share, signaling confidence in an artificial intelligence (AI) turnaround. Will it be what Intel needs?

Intel (NASDAQ:INTC) is in discussions with other large investors to get an equity infusion at a discounted price, CNBC reported, citing people with knowledge of the matter. Earlier this week, Intel (NASDAQ:INTC) secured a $2B investment from Japan's SoftBank (OTCPK:SFTBY) (OTCPK:SFTBF).

Unfortunately for shareholders of American Micro Devices (NASDAQ: AMD), their company wasn't the one chosen by the suitor. With many investors surely feeling left out, they assertively traded out of AMD stock, leaving it with a more than 5% loss on the day. The S&P 500 index also declined, but its fall was far less steep at 0.6%.

The investment case for Intel has fundamentally changed. The stock should no longer be valued solely on its near-term earnings or competitive battles. It must now be viewed as a long-term, strategic asset with a quasi-sovereign backstop, trading near its tangible book value per share of approximately $24.26.

Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the attention of investors and policymakers alike. After years of struggling to keep pace with competitors like Nvidia (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing (NYSE:TSM),

President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Rebrand; that was the word of the day at chip stock Intel ($INTC) as news of multiple rebranded chips emerged. Whether it was a line heading to

Live Updates Live Coverage Has Ended Tuesday Wrap-up 4:12 pm The Vanguard S&P 500 ETF closed at 588.15 Tuesday, down 0.5%. Softbank Rides to Intel's Rescue 12:10 pm “Great minds think alike,” goes the old saying,

President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Intel Corp (NASDAQ:INTC) shares are trading higher Tuesday after it was announced that Softbank will invest $2 billion in the company.