Intel Stock Plummets Amid CEO Controversy and Political Fallout

Intel shares tumbled over 3% Thursday following a public demand from former President Donald TRUMP for CEO Lip-Bu Tan's resignation. The selloff accelerated after Trump's Truth Social post highlighted alleged conflicts of interest between Tan's venture capital firm and Chinese semiconductor companies.

Political pressure intensified as Senator Tom Cotton separately questioned Tan's ties to Chinese tech investments in a letter to Intel's board. The scrutiny comes as Intel deploys $8 billion in CHIPS Act funding to challenge Nvidia's dominance in AI processors.

Market reaction was immediate, with Intel's stock price reflecting investor concerns about leadership stability during a critical transition period. The company's IDM 2.0 strategy faces mounting execution risks as it battles for market share in next-generation AI chips.