INTC is trading 3.8% down today at $104.69 after President Trump suggested the U.S. government should have negotiated a larger equity stake in the company.
- Trump remarked that Washington should have secured a position greater than the current ~10% stake tied to the recent $11.1 billion support package.
- Semiconductor stocks are broadly lower as rising yields and geopolitical tensions weigh on the tech sector.
- The move adds further pressure to Intel following sharp declines recorded last week.