Why Intel (INTC) Stock Is Falling Today
Shares of computer processor maker Intel (NASDAQ:INTC) fell 5.2% in the afternoon session after amid growing worries that the Trump administration might repeal the CHIPS Act, which has been a big driver of government contracts. President Trump called the CHIPS Act "horrible, horrible thing" during a meeting with Congress. If repealed, Intel could take a serious hit, especially in its Foundry segment, which had been banking on government support to stay competitive.