Trump's punches against Intel's new CEO land a direct hit — widening the opening for the tech giant's strongest rivals.
Intel eyes AI PC boom with Core Ultra chips, but faces tough competition and slashed earnings estimates.
Intel's (INTC) stock is on a roll after a White House meeting that could prove a turning point in the struggling chipmaker's relationship with the Trump administration.
A multi-day rally for Intel Corporation NASDAQ: INTC this week has pushed shares back toward the $22 level, with a surge of over 5% on August 11 that continued to August 12. This newfound momentum in Intel's stock price was not driven by a new product or an earnings beat.
Intel (INTC) shares surged again Tuesday following a meeting between CEO Lip-Bu Tan and President Donald Trump on Monday.
The chip maker could ask for more monetary support and for the White House to encourage customers to use its advanced chips, Bernstein analysts said.
Intel was gaining with CEO Lip-Bu Tan out of President Donald Trump's firing line but there's a bigger prize to be won.
Key Points in This Article: Nvidia and Advanced Micro Devices secured export licenses to China, but have to surrender 15% of any chip sales revenue.
The chip maker's future was dangling by a thread even before its CEO controversy.
Shares of Intel (INTC) surged Monday as CEO Lip-Bu Tan visited the White House, drawing praise from President Trump just days after calls for his resignation.
President Trump wrote in a Truth Social post on Monday that he met with Intel CEO Lip-Bu Tan. "His success and rise is an amazing story," Trump wrote.
Intel faces existential challenges, including lost AI chip market share, foundry losses, and leadership capabilities coming into question, despite early efforts. Reduced operating and capital costs can support Intel's operations, improving profitability as the organization regains its technology footing. Despite increasing leverage and ongoing foundry struggles, Intel's valuation is attractive, trading at a discount to peers and offering long-term upside potential.