$INTC (Intel) stock climbed 10% on Friday after CEO Lip-Bu Tan met with President Donald Trump, continuing a rally that has seen the stock more than double since the U.S. took a stake in the chipmaker in August.
“The United States Government is proud to be a Shareholder of Intel,” Trump said in a Truth Social post Thursday following the meeting.
Trump lauded Tan as “very successful” and touted the launch of Intel’s recent chip that was “designed, built, and packaged right here in the U.S.A.”
In August, the White House negotiated an $8.9 billion investment in Intel, buying 433.3 million shares at $20.47 per share.
The stock closed at $45.55 per share on Friday, making that stake worth $19.74 billion. The stock is up more than 20% since the start of the year.
Source: www.cnbc.com/2026/01/09/intel-stock-lip-bu-tan-trump.html... Show More
Naturally, I am pleased to see Intel performing well as an investment. When I was a child, everything revolved around Intel — we used to take our large desktop computers apart with a screwdriver, and there was always that Intel logo shining on the processor. I always knew that a company with such a deep... Show More
I recently added Intel to my core holdings. The company has undergone a brutal restructuring and has finally delivered its key technology. Quite inspiring I think. I also like fruitful cooperation with NVIDA instead of blind competing. Respect Lip-Bu Tan and Jensen Huang.... Show More
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