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Semiconductor stocks rose on Friday after U.S. President Donald Trump praised Intel

and its CEO.

Intel shares rose 2% in extended trading on Thursday after Trump said he had “a great meeting with the very successful Intel CEO, Lip-Bu Tan” in a post on Truth Social. It was last seen 2.46% higher in early pre-market trading Friday.

Other chip and AI-related names saw an uplift as investors digested Trump’s post. Broadcom