Intel Shares Jump After CEO's White House Visit Announcement

In a surprising turn of events, Intel Corporation's shares soared more than 5% in early trading on Monday. This surge followed reports that CEO Lip-Bu Tan is scheduled to visit the White House later in the day, a move that has sparked widespread interest and speculation among investors and analysts alike.

Background of the Controversial Meeting

The planned meeting comes amidst a backdrop of tension, just days after US President Donald Trump publicly demanded Tan's resignation. The reasons behind Trump's call for resignation remain unclear, adding an air of mystery to the upcoming discussions between Tan and the White House.

Market Reaction

By 9:37 am ET, Intel's stock was up by an impressive 5.6%, trading at $21.07. This significant uptick reflects the market's keen interest in the outcome of Tan's White House visit and its potential implications for Intel's future.