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.”

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.

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.

According to rumors, Elon Musk is interested in acquiring Intel. It is also said that Qualcomm and Global Foundries are somehow involved in the deal.

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.