Intel stock jumps 6% after CEO meets with Trump as U.S. stake doubles value

Core Insights - Intel's stock increased by 6% following a meeting between CEO Lip-Bu Tan and President Donald Trump, continuing a trend that has seen the stock price more than double since the U.S. government acquired a stake in the company in August [1] - Trump praised Tan and highlighted the launch of Intel's new chip, which is produced entirely in the U.S., indicating strong governmental support for the company [2] - The U.S. government invested $8.9 billion in Intel in August, acquiring 433.3 million shares at $20.47 each, with the current value of that stake now approximately $19 billion, reflecting a nearly 20% increase in stock price since the beginning of the year [3] Company Developments - Intel's latest Core Ultra Series 3 CPU processors, the first major product built on Intel 18A technology, have begun shipping [2] - The support from the U.S. government, as expressed by Trump and Secretary of Commerce Howard Lutnick, is seen as a significant endorsement for Intel's operations and future prospects [2] Financial Performance - The investment by the White House has significantly appreciated, with the stake now valued at around $19 billion, indicating strong market confidence in Intel's growth potential [3] - The stock price has shown a robust performance, increasing nearly 20% year-to-date, reflecting positive investor sentiment and market dynamics [3]