Intel leads semiconductor gains during relatively static Monday

Intel (NASDAQ:INTC) led the pack among semiconductor stock gains on Monday, as the Santa Clara-based company’s fate has been the subject of recent speculation.

Qualcomm (NASDAQ:QCOM) fell 1.7% as rumors continue to swirl over its potential acquisition of Intel. Conversely, Intel shares increased 3.3% as it’s also been reported Apollo Global Management is considering up to a $5B investment in the lately maligned company.

Nvidia (NASDAQ:NVDA) closed the trading day up 0.22% as most semiconductor stocks posted static to modest gains to start the week.

Micron Technology (NASDAQ:MU), however, demonstrated healthy gains, climbing nearly 3% as it is slated to deliver investors its latest earnings report on Wednesday.

A consensus of analysts expects Micron to report adjusted earnings per share of $1.11 on revenue of $7.64B.

Arm Holdings (ARM) added 2%, Lam Research (LRCX) increased 1.4%, while Applied Materials (AMAT), ASML Holding (ASML) and Broadcom (AVGO) all gained 1%.

Advanced Micro Devices (NASDAQ:AMD) crept up 0.5%, Taiwan Semiconductor Manufacturing (TSM) inched up 0.4%, and Texas Instruments (TXN) ticked about 0.3% higher.

Meanwhile, Analog Devices (ADI) slid 0.3%.

The Philadelphia Semiconductor Index (SOX) reflected the mostly muted Monday as it finished the trading day up 0.5%.