Download, S&P 500, Nasdaq Slip after increasing standard records with NVIDIA profits

Intel Stock gained up to 3 % early on Monday morning after President Trump said he liked to see the price of Intel after the company rose and the US government announced last week a government deal to obtain a 9.9 % stake in the chips maker.

In a post on the social truth early on Monday, Trump said that the government had pushed “zero” to Intel, adding, “I will make deals like this to our country throughout the day.”

“I will also help those companies that make such profitable deals with the United States,” Trump added.

“I love seeing their stock price rises, making the United States richer and richer.”

Late Friday, Intel and The government revealed the details From the agreement, which will witness that the government takes a share of $ 8.9 billion in the company. Including the 2.2 billion dollar chips law that INTEL has already received, the deal places the government in ETEL for $ 11.1 billion.

Trump’s publication comes on Monday about an hour after Kevin Haysit, director of the National Economic Council, comes that the administration will continue to search for similar investments in industries.

In an interview with CNBC, Haysit said: “The president has explained all the way to the campaign, and he believes that he will finally, it would be great for the United States to start building a sovereign wealth box.

“So I am sure that at some point there will be more transactions, if not in this industry and then other industries.

On Friday, the Intel shares increased by 5 % on reports that the government was preparing for a 10 % stake in the chips maker, which left its peers during the artificial intelligence boom. The shares fell by about 1.5 % in the late trading after announcing the details of the deal.

“President Trump’s focus on manufacturing American chips is pushing historical investments in an integral biological industry of economic and national security in the country.”

“We are grateful for the confidence that the president and the administration put in Intel, and we look forward to working to enhance American technology and industrial leadership.”