The Trump administration’s $8.9 billion investment in Intel caused AMD stock to drop on Monday, despite Friday gains. This move gives the U.S. government a 9.9% equity stake in Intel, totaling $11.1 billion in federal support. President Trump secured Intel shares for “zero” cost, now valued at $11 billion for the U.S. TF Securities analyst Ming-Chi Kuo stated that Trump’s $11 billion Intel stake shows strong confidence in the chipmaker but won’t immediately close its technology gap. AMD shares have outperformed Intel’s this year, with strong potential for growth in the future. AMD stock is trading lower at $164.09.

Read more at Yahoo Finance: What’s Going On With AMD Stock Monday?