Here's What President Trump Mentioned About Intel's CEO That Is Driving the Stock Higher This Friday

Intel Shares Surge Following President Trump's Endorsement

Photo credits: Alex Wroblewski / Bloomberg / Getty Images, ALLISON ROBBERT / AFP / Getty Images

Main Highlights

• President Trump announced he had an excellent discussion with Intel CEO Lip-Bu Tan, which sent the company's stock soaring on Friday.
• Trump also revealed that the U.S. government is now a significant Intel investor, having acquired a 10% stake in the company last year.

On Friday, Intel's stock price reached its highest level in almost two years, fueled by a post on social media.

The chipmaker's shares climbed nearly 10% during the session, ranking among the top performers in the S&P 500 after President Trump publicly commended Intel CEO Lip-Bu Tan online.

In a post on Truth Social Thursday, Trump stated, "I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan," and emphasized that the U.S. government is "proud" to be an Intel shareholder.

Earlier this year, Trump had called for Lip-Bu Tan's resignation due to concerns over his investments in Chinese firms. However, after meeting with Tan in August, Trump shifted his stance and helped arrange a deal for the government to secure a 10% ownership stake in Intel.

Investor Implications

While Trump's endorsement has given Intel's stock a significant lift, the company is still working to reassure investors about a lasting business turnaround, as shares remain below their all-time highs.

Intel's fortunes further improved after the government investment, with a notable collaboration with Nvidia (NVDA) and speculation about potential new clients boosting the stock in the latter half of last year. Intel's share price nearly doubled during that period, with most gains occurring between August and December.

These recent advances have positioned Intel as one of the S&P 500's strongest performers at the start of the year, with shares rising by almost 25% in January alone.

Other semiconductor companies, including Broadcom (AVGO), Micron Technology (MU), and Advanced Micro Devices (AMD), also saw their stocks climb on Friday, contributing to a broader rally that propelled the S&P 500 to new record levels.