Intel CEO Lip-Bu Tan met with Trump on Monday and the President’s stance on the situation appeared to be shifting.

Key Takeaways Intel shares surged again Tuesday following a meeting between CEO Lip-Bu Tan and President Donald Trump on Monday. After breaking down from an ascending channel late last month, the stock retraced to a multi-month trading floor before finding buying interest around this crucial location.

The chip maker could ask for more monetary support and for the White House to encourage customers to use its advanced chips, Bernstein analysts said.