Intel Shares Take a Hit Following Government Stake Discussions

Intel's stock experienced a significant drop of 5.5% this Monday, as news broke about the Trump administration considering a 10% equity stake in the tech giant. This potential move involves converting part of the $10.9 billion Chips Act grants into stock, sparking investor concerns over heightened government influence in the company.

By 1:16 pm ET, the shares had slightly recovered but were still down by 4.36%, trading at $23.51.