Intel Corp shares traded higher on the Nasdaq Composite index over reports on potential takeover speculations. Wall Street gained as investors' eye upcoming Trump administration.

Intel Corp. (NASDAQ:INTC) rose 4.4%  in premarket trading after some vague takeover speculation about the chipmaker. A report from SemiAccurate was circulating on Friday about a company looking to acquire Intel (NASDAQ:INTC).

Wall St rallies as Intel, Nvidia, and SLB lead gains. Banks surge 6%, while Truist climbs on strong profits. Investors eye Trump’s policy outlook.

Shares of Intel Corp. (INTC) ripped more than 7% in morning trade on Friday after reports suggested that the company is the target of acquisition. According to a report by Semi Accurate, Intel could be acquired by a company as a whole and not just in parts,