Intel stock climbs 7% on report Trump administration is considering stake

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Intel shares jumped 8% on Thursday and kept climbing after hours, after Bloomberg reported that President Donald Trump’s administration is in talks to buy a stake in the company. The idea? Use government cash to prop up Intel’s struggling chip business and keep advanced manufacturing on U.S. soil. The news hit the markets fast, and traders responded even faster. That one headline alone was enough to shoot Intel’s stock straight up. The deal , if it happens, would send federal money straight into...