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.

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.

Adds analyst note on potential buyer. Intel Corp. (NASDAQ:INTC) rose 9% 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).