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.

Shares of Intel were up more than 2% Tuesday afternoon, extending Friday gains that were powered in part by deal-related rumors.

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.

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,

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.