Intel (INTC) looked doomed a year ago. The company lost its edge in the CPU market and missed out almost entirely in the AI race.
Most analysts tagged INTC stock a hold, including me. This business was going nowhere… Until the new CEO, Lip-Bu Tan, managed to charm President Donald Trump. There were rumors of a potential government investment in Intel, after which I changed my mind.
That was over a month ago, and the government ended up making that investment. Unexpectedly, INTC stock did not surge as much, but it is now doing so after a surprise investment by Nvidia (NVDA) of $5 billion.
This post originally appeared at Money Morning.