Intel’s stock surged 3.5% on Monday, marking a stark turnaround after the company’s CEO faced intense criticism from political leaders just days earlier. Initially accused of maintaining questionable ties to Chinese firms, the CEO was abruptly praised as an "amazing story" during a surprise White House meeting. The sudden shift in tone, accompanied by promises of future collaboration, fueled investor optimism despite ongoing concerns about Intel’s lagging position in the AI race and its costly restructuring efforts.
Pressure Mounts Amid Turnaround Bid
The CEO, who took the helm six months ago, is steering Intel through massive layoffs, asset sales, and a strategic pivot to catch up with rivals. Critics warn that political interference could distract from these challenges, especially as the company grapples with billions in losses from its foundry ambitions. However, some analysts speculate the renewed government engagement might accelerate U.S. manufacturing expansion—a potential win for both Intel and policymakers. The stock’s rally reflects hope for stability, but whether this signals lasting cooperation or temporary relief remains uncertain.
