Stock Market Today: Intel Climbs as White House Mulls Strategic Stake in Chipmaker
Intel's stock surged 7.4% to $23.86 amid reports of the Trump administration considering a financial stake in the company to support its Ohio manufacturing project. This potential federal investment signals renewed backing for Intel, which outperformed peers like Nvidia and Broadcom. The broader market remained flat, with the S&P 500 up 0.03% and Nasdaq down 0.01%. The discussions reflect a growing focus on tech-sector self-reliance, positioning Intel as a key player in the domestic market.
Intel (INTC 7.52%) surged 7.4% on Thursday to close at $23.86, with trading volume roughly doubling its 3-month average. The rally followed reports that the Trump administration is in talks to take a financial stake in the company. The move would support Intel's Ohio manufacturing project and signal renewed federal backing.
The broader market traded flat. The S&P 500 inched up 0.03%, while the Nasdaq Composite dipped by 0.01%. Despite the lukewarm performance of major indexes, semiconductor stocks showed relative strength amid fresh policy momentum.
Intel outpaced peers in the chip space. Nvidia (NVDA 0.28%) rose 0.3% to $182.02, while Broadcom (AVGO 0.76%) gained 0.7% to close at $311.23. While both firms have enjoyed consistent gains this year, Intel's surge stood out amid growing speculation that a U.S. government partnership could reshape its future.
The proposed federal investment -- still under discussion -- would back Intel's previously delayed Ohio fab buildout. It marks a major show of confidence in CEO Lip-Bu Tan, who met with President Donald Trump earlier this week. With the administration increasingly focused on tech-sector self-reliance, Intel's role as a domestic champion may finally be regaining traction.
Market data sourced from Google Finance and Yahoo! Finance on Tuesday, Aug. 14, 2025.
