Key Takeaways Intel shares surged again Tuesday following a meeting between CEO Lip-Bu Tan and President Donald Trump on Monday. After breaking down from an ascending channel late last month, the stock retraced to a multi-month trading floor before finding buying interest around this crucial location.

Just days ago, Trump called for Lip-Bu Tan’s firing. Now he’s praising the Intel CEO’s ‘amazing’ success story, suggesting that tensions are easing.

Intel shares rallied after President Trump said he had met with the embattled chip maker's chief executive. The president said Monday's meeting, also attended by Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent,