Shares of Intel (NASDAQ: INTC) were moving higher today on reports that the legacy chip giant could be acquired. While the buzz is just a rumor at this point, it was enough to send the stock up 8.2% as of 11:41 a.

This isn't the first time Intel's future has been in play. Back in September, Qualcomm (QCOM) reportedly explored buying Intel, but the deal fell apart due to complexities. Qualcomm could circle back,

Key Takeaways Shares of the chipmaker are rising today alongside broader markets, leaving them up more than 5% in January, outpacing the S&P 500.Investors may be buying into signs of change in the wake of the retirement of CEO Pat Gelsinger late last year.