Intel Stock Surges on Potential Trump Administration Stake

Intel (INTC) shares experienced a significant surge following reports that the TRUMP administration is considering taking a stake in the chipmaker. The potential move could bolster Intel's domestic manufacturing capabilities, according to sources familiar with the matter.

White House Spokesperson Kush Desai cautioned that such discussions remain speculative until officially confirmed. Intel's shares rose over 7% during regular trading and gained an additional 4% in extended sessions, fueled by Optimism after a meeting between CEO Lip-Bu Tan and President Trump.

Trump praised Tan's leadership publicly, signaling potential support for Intel amid its restructuring efforts. Bernstein analysts noted the administration's backing could provide critical assistance as the company streamlines operations under Tan's new leadership.