Key Takeaways Intel shares lost ground to start the week after surging Friday following news that the U.S. government had reached a deal to take a 10% stake in the embattled chipmaker.After attracting buying interest near a multi-month floor earlier this month,

Intel (INTC) stock has been ripping higher ever since President Donald Trump’s administration confirmed a 10% stake in the semiconductor firm that’s finding it increasingly difficult to stay relevant in the AI era.

Further, the government will receive a five-year warrant, at $20 per share for an additional 5% of Intel stock, but only if Intel ceases to own at least 51% of the foundry business. It follows a $2 billion stake by SoftBank last week in Intel.