Semiconductor Stocks Surge Amid Intel CEO Meeting with Trump and Nvidia-AMD AI Deal

Intel's CEO is set to meet US President Donald Trump, sparking a 5% surge in the company's stock. Nvidia and AMD climbed 0.6% and 2.6% respectively after reaching an agreement with the US government to send 15% of their Chinese AI chip revenues in exchange for export licenses. Micron Technology rallied 3% after boosting Q4 revenue guidance to $11.2B. Lam Research, ASML Holdings, and Applied Materials also moved higher ahead of earnings reports.

Intel (INTC) shares surged again Tuesday following a meeting between CEO Lip-Bu Tan and President Donald Trump on Monday. The meeting came after Trump on Friday demanded the immediate resignation of Tan, calling him "highly conflicted" over investments in Chinese firms. The president later stated on his Truth Social platform that the meeting was "very interesting" and that Tan's success is "an amazing story." Trump said that members of his cabinet would continue meeting with Tan in the coming days [1].

The meeting followed news on Monday that AI chip giants Nvidia (NVDA) and Advanced Micro Devices (AMD) have agreed to pay 15% of their China chip revenues to the U.S. government in exchange for export licenses. This arrangement, crafted by President Donald Trump's administration, has sparked debate about its impact on the chip giants' business [2].

Intel shares were up 5% at $21.75 in late trading Tuesday, adding to the previous session's gain of 3.5%. The stock is up about 9% so far this year, roughly in line with the performance of the S&P 500 in 2025 as investors assess the impact of Tan’s strategic moves, which include divesting assets, reducing employees, and reallocating resources. Tan took over the CEO role in March [1].

References:
[1] https://www.investopedia.com/watch-these-intel-price-levels-as-stock-jumps-after-ceo-meets-with-trump-11789224
[2] https://www.cnbc.com/2025/08/11/trump-nvidia-amd-china-chip-revenue-deal-implications.html