Intel soars 8% after activist hedge fund Third Point urges chipmaker to explore strategic alternatives

FILE PHOTO: Loeb, founder of Third Point LLC, participates in a panel discussion during the Skybridge Alternatives Conference in Las Vegas
ReutersIntel soared 8% on Tuesday after activist hedge fund Third Point sent a letter to the chipmaker urging it to explore strategic alternatives, according to Reuters.Third Point, run by Daniel Loeb, has amassed a nearly $1 billion stake in Intel, Reuters said, citing people familiar with the matter."Without immediate change at Intel, we fear that America'