Watch Intel, Bitcoin, and Firefly Aerospace
The moment that politics intersects with a company is the moment that shareholders should watch out. Intel (INTC) is under fire from President Trump after he demanded that its Ceo, Lip-Bu Tan, resign.
Tan was the CEO of Cadence Design Systems (CDNS) when the company did business with China. However, the company pleaded guilty and paid over $140 million for unlawfully exporting semiconductor sdesign tools to a restricted PRC military university.
The payment should free CEO Tan from the U.S. President’s demands to resign. Intel’s board is in a tough spot. It relied on $8 billion in subsidies provided under Biden’s 2022 CHIPS Act. Its funding could be scrutinized.
Bitcoin (BTC-USD) jumped after Trump signed a “debanking” executive order. This would punish banks that restricted or blocked services to customers based on their political or religious beliefs. BTC prices added $2,526.40 to close at $117,450.70 on Thursday.
The initial public offering's success continued yesterday. Firefly Aerospace (FLY) closed at $60.35, up by 34.11% in its debut. The space and defense technology enables customers to launch, land, and operate in space, according to its website. Investors may consider existing firms like Rocket Lab (RKLB) and AST SpaceMobile (ASTS), which is a satellite firm. Firefly’s competitors include SpaceX and Blue Origin. Tesla (TSLA) CEO Elon Musk owns SpaceX, while Amazon’s (AMZN) Jeff Bezos owns Blue Origin
