Intel Leaps 10% After Trump Praises CEO, Says U.S. Is a Shareholder

Overview

• Intel shares closed at $45.55, up 10.8% for the day, with 182.5 million shares traded, roughly double the three‑month average.
• Trump lauded CEO Lip‑Bu Tan as "very successful" on Truth Social and stated the United States Government is proud to be a shareholder of Intel.
• Lip‑Bu Tan said on X he was honored by support from Trump and Commerce Secretary Howard Lutnick and confirmed Core Ultra Series 3 processors are now shipping.
• The government’s August purchase of 433.3 million shares at $20.47 each, about $8.9 billion in total, is valued near $19.74 billion at recent prices.
• The endorsement follows a reversal from weeks earlier when Trump publicly urged Tan to resign over perceived conflicts.