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Here's What President Trump Said About Intel's CEO That's Boosting the Stock Friday [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
Trump said the government is "proud" to be a major Intel shareholder after taking a 10% stake in the chipmaker last year. Intel's stock hit its highest point in nearly two years Friday, thanks to a social media post. The chipmaker's stock was up nearly 10% in recent trading, making it one of the best-performing stocks in the S&P 500 Friday after President Trump praised Intel ( INTC ) CEO Lip-Bu Tan on social media. "I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan," Trump said in a Truth Social post Thursday, and that the U.S. government is "proud" to be an Intel shareholder. Just a few months earlier, Trump had pushed for Lip-Bu Tan to resign amid concerns about Tan's stakes in Chinese companies. However, Trump changed his tune just days later after meeting with the CEO in August, and brokered a deal that saw the U.S. government take a 10% stake in the chipmaker. Intel's stock has gotten a big boost from Trump's show of support, though it rema
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