Intel stock has gotten an unexpected boost from JD Vance

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Intel stock has gotten an unexpected boost from JD Vance

//business-finance.news-articles.net/content/202 .. as-gotten-an-unexpected-boost-from-jd-vance.html

Published in Business and Finance on Wednesday, February 12th 2025 at 15:41 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Intel (INTC) stock rose nearly 3% in early trading Wednesday, extending gains from the prior day when Vice President JD Vance made bullish comments about domestic chip manufacturing. "To safeguard America's advantage,

- Click to Lock Slider

The article from MSN discusses how Intel's stock has received an unexpected boost from U.S. Senator J.D. Vance. Vance, who has been critical of Intel in the past, recently supported the company by advocating for the CHIPS and Science Act, which provides significant funding for domestic semiconductor manufacturing. This support came after Intel announced plans to invest billions in new manufacturing facilities in Ohio, aligning with Vance's push for bringing high-tech manufacturing jobs back to the U.S. His endorsement has helped to improve investor confidence in Intel, contributing to a rise in its stock price. This development is seen as part of a broader trend where political support can significantly influence stock market reactions, especially in sectors critical to national security and economic strategy.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/intel-stock-has-gotten-an-unexpected-boost-from-jd-vance/ar-AA1yUjAR ]