why is intel stock up today

Intel's stock is up today mainly due to renewed investor optimism fueled by the U.S. government's plan to acquire a nearly 10% equity stake in the company. This move signals strong federal backing and provides Intel with access to significant funding from the CHIPS Act, supporting its foundry operations and boosting cash flow. Additionally, recent positive sentiment surrounding potential interest rate cuts by the Federal Reserve has contributed to gains in tech stocks, including Intel. The combination of government investment, strategic importance in semiconductor manufacturing, and favorable market conditions has led to the increase in Intel's stock price today.