Intel (NASDAQ: INTC) stock is leaping higher in Friday's trading thanks to a pair of bullish catalysts. The semiconductor company's share price gained 5.5% in a day of trading that saw the S&P 500 jump 1.5% and the Nasdaq Composite surge 1.8%.

Japan’s SoftBank agreed to invest $2 billion in Intel, boosting the U.S. chip maker’s stock. On Monday, Intel announced SoftBank’s purchase of roughly 87 million shares at $23 each, a slight discount to the day’s $23.66 closing price.

Intel Corporation (NASDAQ:INTC) is one of the Trending AI Stocks on Wall Street. On August 20, Truist Securities analyst William Stein reiterated a Hold rating on the stock with a $21.00 price

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.

The Trump administration previously signaled interest in investing in the struggling chip maker and will use funds from Biden's CHIPs Act for the investment.

Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the attention of investors and policymakers alike. After years of struggling to keep pace with competitors like Nvidia (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing (NYSE:TSM),

The stock closed nearly 7% higher Tuesday after Japan’s SoftBank (JP:9984) agreed to invest $2 billion in