Intel Stock Is Falling Amid Repeal Worries
Shares of computer processor maker Intel fell 5.2% in the afternoon session amid growing worries that the Trump administration might repeal the CHIPS Act, which has been a big driver of government contracts. If repealed, Intel could take a serious hit, especially in its Foundry segment, which had been banking on government support to stay competitive. The shares closed the day at $20.79, down 2.6% from previous close.
- This sell-off highlights the vulnerability of tech stocks to policy changes and underscores the need for investors to consider the regulatory environment when evaluating companies.
- Will Intel's Foundry segment be able to weather the storm if the CHIPS Act is repealed, or will it succumb to the lack of government support?