Why Intel Stock Skyrocketed This Week

Shares of Intel (NASDAQ: INTC) are soaring this week, up 24.1% as of 3:13 p.m. ET. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) was up 1%, and the Nasdaq-100 was up 0.5%.The struggling chipmaker's stock is jumping after its CEO met with Trump at the White House; rumors are spreading that the administration may take a stake in the company.After Trump called on CEO Lip-Bu Tan last week to resign because of his alleged ties to the Chinese government, a meeting was arranged. The White House visit appears to have gone quite well, with Trump saying Tan has an "amazing story."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool