Key Takeaways Intel shares surged again Tuesday following a meeting between CEO Lip-Bu Tan and President Donald Trump on Monday. After breaking down from an ascending channel late last month, the stock retraced to a multi-month trading floor before finding buying interest around this crucial location.

Just days ago, Trump called for Lip-Bu Tan’s firing. Now he’s praising the Intel CEO’s ‘amazing’ success story, suggesting that tensions are easing.

The situation began last week, when US Republican Senator Tom Cotton sent a letter to Intel's board of directors to express "concern about the security and