Why Intel Stock Skyrocketed This Week
Could Intel finally be on the rebound?Shares of Intel (INTC 3.04%) are soaring this week, up 24.1% as of 3:13 p.m. ET. The spike comes as the S&P 500 (^GSPC -0.29%) 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.A high-stakes meeting goes wellAfter Trump called on CEO Lip-Bu Tan last week to resign because of his alleged ties to the Chinese gove ...