Intel Shares Rally After Trump Hails the Chipmaker’s Progress

Core Viewpoint - Intel Corp. shares experienced significant gains following President Trump's endorsement of the company's technological advancements and stock performance, particularly after a meeting with CEO Lip-Bu Tan [1][2]. Group 1: Stock Performance - Intel shares rose 11% to $45.55, marking the largest single-day increase since September 18, 2023, and the stock is up approximately 23% year-to-date [2]. - Since the announcement of the federal government's plan to acquire up to 10% of Intel, the stock has surged about 90%, with the US currently holding a roughly 5.5% stake [1]. Group 2: Company Developments - CEO Lip-Bu Tan has been proactive since taking over in March, focusing on stabilizing Intel's business and securing investments from Nvidia Corp. and SoftBank Group Corp. [3]. - Intel is set to begin shipping its first sub-2-nanometer 18A products by the end of 2025, although it still relies on Taiwan Semiconductor Manufacturing Co. for some chip fabrication [4]. Group 3: Government Investment - The US government's stake in Intel was valued at $5.7 billion when purchased in August, with potential future value contingent on developments, estimated at $27.7 billion if all shares were owned [6]. - Trump's claim of "Tens of Billions of Dollars for the American People" from the investment does not reflect the current actual gains, which are less than that [5].