Intel Stock Pops After Trump Praises CEO Lip-Bu Tan

GuruFocus
2026.01.09 18:22
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Intel's stock surged 6% after President Trump praised CEO Lip-Bu Tan, boosting semiconductor and AI stocks. The S&P 500 rose 0.5%, Nasdaq 0.6%, and Dow Jones gained 158 points. December payrolls increased by 50,000, below expectations, while the unemployment rate fell to 4.4%. Analysts noted a mixed jobs report but indicated steady economic momentum. Other notable stock movements included Vistra and Oklo, which rose 15% and 18%, respectively, and Southwest Airlines gained over 3% after a JPMorgan upgrade.