What Trump's Victory Means for Intel Stock

Like much of the stock market on Wednesday, Intel (NASDAQ: INTC) shares soared along with broad gains in tech and chips stocks. Investors applauded Donald Trump's election victory Tuesday night, expecting tax cuts and looser regulations to encourage business investment and profit growth.However, few companies have as much riding on the next administration as Intel, which stands to be a major beneficiary of the CHIPS Act and is also in disarray after years of underperformance and a massive restructuring announcement in August.It's not fully clear whether the former president will honor the commitments in the CHIPS Act, but he's badmouthed the law on multiple occasions, recently telling podcaster Joe Rogan, "That chip deal is so bad," adding, "When I see us paying a lot of money to have people build chips, that's not the way." He then advocated for tariffs as a better way of funding chip manufacturing.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool