Overview
- President Trump said he had a great meeting with Lip-Bu Tan and touted the government's Intel stake, a post that lifted the shares in late Thursday trading and into Friday.
- Public filings and reports indicate the U.S. currently holds about 5.5% of Intel with provisions that could rise toward roughly 10%, while Trump's claim of 'tens of billions' in gains outpaces realized profits so far.
- Intel launched its Core Ultra Series 3 'Panther Lake' processors as its first 18A products, with preorders that began January 6 and first systems due globally on January 27.
- Nvidia completed a $5 billion purchase of Intel shares on December 29, and the companies agreed to collaborate on PC and data center chip development.
- Melius Research upgraded Intel to Buy with a $50 target, and investors are watching January 22 earnings and early Panther Lake order flow as tests of the turnaround narrative.