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Intel Shares Soar 10.7% Following Trump’s Endorsement

1/11/2026

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Story summary
  • Intel shares jumped 10.7% January 10, 2026, closing at $45.55 after U.S. President Donald Trump endorsed Lip-Bu Tan, CEO.
  • The move followed a broader rally in semiconductors, with the Philadelphia SE Semiconductor index at record high.
  • Upcoming events include U.S. Consumer Price Index report on January 13 and Intel's earnings on January 22.
  • Analysts caution about risks from new manufacturing processes and the U.S. government's 9.9% stake on international sales.