Xilinx (XLNX) Stock Gains On Rumors About SFTBY Stake

Xilinx XLNX Stock News

Xilinx, Inc. (NASDAQ: XLNX) is heading up in the market today on gains of more than 2% early on. The gains come amid rumors surrounding an increased stake taken in the company by an Asian tech player. Here’s what’s going on:

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XLNX Stock Gains As SFTBY May Be Taking A Large Stake

Xilinx is in the center of rumors this morning. According to the rumors, SoftBank Group (OTCMKTS: SFTBY) is snapping up shares of the company. According to the rumors, the Asian technology group has been aggressively buying shares of XLNX and may consider a complete acquisition of the company.

This would be a big move, but it’s not out of the realm of possibility. SFTBY trades with a market cap of about four times that of XLNX. Moreover, the company is known for its aggressive moves when it comes to investing in other tech companies.

Considering this, it wouldn’t be surprising to see an SEC filing and potentially a press release stating that SoftBank has indeed took a substantial stake of Xilinx.

Be Careful

Although the rumor here makes sense, it’s important to remember that just because it makes sense, doesn’t mean it’s true. The truth of the matter is that rumors are the most common way to manipulate the market these days, and many of them prove to be blatantly false.

With that said, there’s an added level of risk when making investment decisions based on rumors. If you’re going to play this rumor, be sure to be careful.

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