Intel Stock Rises Nearly 4% on ’Trump Accounts’ Commitment
Intel shares gained nearly 4% after the chipmaker pledged to match federal contributions under the newly launched 'Trump Accounts' program. The initiative provides $1,000 in seed capital for investment accounts of children born between 2025 and 2028, with employers encouraged to match the amount.
The MOVE positions Intel alongside early corporate adopters like SoFi and BlackRock in supporting the tax-advantaged wealth-building scheme. While program details remain unclear, analysts suggest it may drive development of fintech tools for managing employer-funded child accounts.
Investors interpreted Intel's commitment as both a workforce retention strategy and a signal of alignment with current Washington policies. The market response highlights how corporate participation in government-backed financial programs can impact stock performance.
