Stock Market Today: Intel Rallies After Trump Signals Support for CEO Amid U.S. Chip Strategy Talks
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Intel's stock rose 5.5% to $21.81 following a meeting between CEO Lip-Bu Tan and President Trump, signaling renewed political support amid U.S. chip strategy discussions. Trading volume surged, reflecting heightened investor interest. The Nasdaq Composite and S&P 500 also saw gains. Despite competition from TSMC and Nvidia, Intel's political backing may enhance its role in U.S. chip manufacturing. This meeting marks a shift from Trump's earlier criticism of Tan, with further discussions planned for next week.
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