Intel stock little changed after Trump says, ‘I love seeing their stock price go up’
Intel (INTC) stock gained as much as 3% early Monday morning before giving up these gains in early trading after President Trump said he “loved” seeing the company’s share price go up.
In a post on Truth Social early Monday, Trump said the government paid “ZERO” for Intel, adding, “I will make deals like that for our Country all day long.”
“I will also help those companies that make such lucrative deals with the United States,” Trump added.
“I love seeing their stock price go up, making the USA RICHER, AND RICHER.”
Read more about Intel’s stock moves and today’s market action.
Late Friday, Intel and the government disclosed the details of the agreement, which will see the government take an equity stake in the…
