Stock Market Today: Intel Climbs as White House Mulls Strategic Stake in Chipmaker
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Intel's stock surged 7.4% to $23.86 amid reports of the Trump administration considering a financial stake in the company to support its Ohio manufacturing project. This potential federal investment signals renewed backing for Intel, which outperformed peers like Nvidia and Broadcom. The broader market remained flat, with the S&P 500 up 0.03% and Nasdaq down 0.01%. The discussions reflect a growing focus on tech-sector self-reliance, positioning Intel as a key player in the domestic market.
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