Intel Shares Rally After Trump Hails the Chipmaker’s Progress

Intel Corp. shares gained the most since September after President Donald Trump touted the technological progress — and stock-market performance — of the long-struggling chipmaker.

Trump met with Intel Chief Executive Officer Lip-Bu Tan on Thursday at the White House, where the two men discussed the company’s new line of processors following the US government’s purchase of shares in the chipmaker.

In a post to his Truth Social network, Trump hailed recent advances at Santa Clara, California-based Intel, whose shares are up about 90% since plans emerged last year for the federal government to buy as much as 10% of ...