Jeff Kilburg, KKM Financial CEO, joins 'The Exchange' to discuss stock plays for 3 laggard names.
U.S. equities were mixed at midday as the market weighed more corporate earnings reports and news from the chip sector. The Dow Jones Industrial Average was up, while the S&P 500 and Nasdaq fell.
Top Trump officials confirmed reports that the White House is considering taking a stake in Intel. If it were to happen, Treasury Secretary Scott Bessent said the US wouldn't pressure companies to buy Intel chips.
Key Points in This Article: Intel's (INTC) stock is gaining traction due to a potential 10% U.S.
Commerce Secretary Howard Lutnick told CNBC that the U.S. government must receive an equity stake in Intel in exchange for CHIPS Act funds. The potential deal would convert the grants into equity and wouldn't come with governance rights in Intel, Lutnick said.
Recently, Zacks.com users have been paying close attention to Intel (INTC). This makes it worthwhile to examine what the stock has in store.
23.6%. That's how much Intel's stock increased by last week, the best weekly performance by the company since January 2000.
23.6%. That's how much Intel's stock increased by last week, the best weekly performance by the company since January 2000.
Intel (INTC) shares are surging 6% in premarket trading Tuesday on news that Japan's SoftBank Group is making a $2 billion investment in the struggling U.S. chipmaker.
The Trump administration has reportedly floated converting the company's CHIPS and Science Act grants into equity. At Intel's current market value, a 10% stake could be worth roughly $10.4 billion.
Intel Corp. shares jumped in after-hours trading Monday after the chipmaker announced a $2 billion investment by Japan's SoftBank Group Corp.
Federal officials are considering the move because Intel, the last leading-edge chipmaker in the United States, has been struggling.