Shares of Intel (NASDAQ: INTC) are soaring this week, up 24.1% as of 3:13 p.m. ET. The spike comes as the S 500 (SNPINDEX: ^GSPC) was up 1%, and the Nasdaq-100 was up 0.5%.

The struggling chipmaker's stock is jumping after its CEO met with Trump at the White House; rumors are spreading that the administration may take a stake in the company.

After Trump called on CEO Lip-Bu Tan last week to resign because of his alleged ties to the Chinese government, a meeting was arranged. The White House visit appears to have gone quite well, with Trump saying Tan has an "amazing story."

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Source Fool.com