Reported 5 months ago
Shares of Intel surged up to 8.2% today despite most other chip stocks experiencing significant declines, such as the VanEck Semiconductor ETF being down around 5%. The rally in Intel's shares could be attributed to former President Donald Trump's comments that raised questions about U.S. defense of Taiwan against a Chinese invasion. Intel's positioning as a secure alternative in chipmaking, its investments in leading-edge manufacturing, and potential benefits from geopolitical security concerns over Taiwan have contributed to its positive performance in the sector, distinguishing it from other major chipmakers.
Source: YAHOO