Intel shares jump as CEO heads to White House
ReutersAug 11, 2025 4:17 PM
Intel Corp INTC.O shares rallying ~6% on Mon, with CEO Lip-Bu Tan set to visit White House following President Donald Trump's call for his removal last week
Tan expected to discuss his background and address national security concerns, Wall Street Journal reported
Trump cited Tan's ties to Chinese firms as reason for resignation demand, sparking investor debate over co's leadership
INTC up about 6% YTD, lagging Nasdaq .IXIC which is up 12%
INTC recently at 42x expected earnings, well above 5-yr avg forward PE of 20, per LSEG data
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