Intel's stock has surged amidst rumors of a potential acquisition by Elon Musk. Reports suggest that Musk, alongside other entities such as Qualcomm and GlobalFoundries, may be exploring the possibility of acquiring Intel, a company that has faced significant challenges in recent years, including a 60% drop in its stock value in 2024 and the resignation of its CEO, Pat Gelsinger, in December. On Friday, Intel's shares rose by 7.6%, and they continued to climb in premarket trading by 4.2% on Monday, with additional premarket gains of 1.81% and 3.0% reported. Analysts remain skeptical about the feasibility of such an acquisition, with Citigroup warning that it could be detrimental to Intel unless the company appoints a qualified CEO and restructures its operations. HSBC recently upgraded Intel's stock rating from 'Reduce' to 'Hold,' citing that uncertainties around its IDM 2.0 strategy and management changes are now reflected in its valuation. The rumors originated from a SemiAccurate report, which referenced an email detailing interest in acquiring Intel.