Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker’s CEO needs to resign.
“The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your attention to this problem!”
Trump made the post after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over CEO Lip-Bu Tan’s investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People’s Liberation Army, and asked the board whether Tan had divested his interests in these companies to eliminate any conflicts of interest.
Time to buy more intel stock.
I wouldn’t do that without looking at the stock price history.
Its down to what it was about a year ago. Its been much higher in the past but crashed about a year ago to where it is now and slowly had risen until tRumps post. Depending on how far it falls I will buy more. I think it will go back up easily especially since their gpus are starting to be viable. They are a safe bet imo.
Intel’s future hasn’t been looking great, for a bunch of reasons, unrelated to Trump.
I’m not saying you should avoid it (“Be greedy when others are fearful”), but you should really make sure you understand what you’re getting into.