Intel Pop; Nvidia Slides on China Chip News; Hanesbrand Deal
Aug 12, 2025
Intel's stock is on the rise after a supportive meeting between its CEO and President Trump, showcasing a shift in tone from previous critiques. Meanwhile, Nvidia faces setbacks as China advises against using its H20 processors for government applications, impacting its market position. In surprising news, Hanesbrands is experiencing a stock surge amid rumors of a potential buyout by Gildan Activewear, which could value the company at nearly $5 billion despite its recent struggles.
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Trump Reconsiders After Intel CEO Visit
Lip-Bu Tan met President Trump and received public praise for his success.
The meeting reversed Trump's earlier call for Tan's resignation and steadied Intel's stock.
insights INSIGHT
China Discourages Use Of Nvidia H20 Chips
Chinese authorities urged firms to avoid using NVIDIA's H20 processors, especially for government work.
That guidance doesn't ban the chips but complicates NVIDIA's expansion and AI deals in China.
question_answer ANECDOTE
Hanesbrands Nears $5B Gildan Deal
Canada's Gildan is in advanced talks to buy Hanesbrands at about a $5 billion enterprise value.
Hanesbrands shares jumped roughly 41% on the report as the potential deal could close this week.
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On this episode of Stock Movers: - Intel (INTC) is moving to the upside after President Trump said his Cabinet members would continue discussions with Lip-Bu Tan in the coming days after meeting with the Intel Corp. CEO at the White House. Intel said Tan and Trump discussed the company's "commitment to strengthening U.S. technology and manufacturing leadership" in a "candid and constructive" talk. Trump's remarks were a reversal from his earlier statement calling for Tan's resignation and accusing him of having conflicts of interest. - Nvidia (NVDA) is lower on news China urged local companies to avoid using Nvidia Corp.'s H20 processors, particularly for government-related purposes, according to people familiar with the matter. The guidance from Chinese authorities does not constitute an outright ban on H20 use, but rather discourages companies from using the chips, especially for government or national security-related work. - Hanesbrand (HBI) is soaring on news Canada’s Gildan Activewear Inc. is in advanced talks to buy US underwear maker Hanesbrands Inc., the FT reported, citing people familiar with the matter. The transaction could value Hanesbrands at almost $5 billion including debt and it may be agreed by the end of the week, the people told the FT, adding negotiations are not finalized and may still collapse. Shares in Hanesbrand had lost more than 40% this year through Monday, taking its market value to $1.7 billion. The US company had about $2.5 billion in debt as of June, the FT said. - Circle (CRCL) shares are jumped after the stablecoin issuer reported its first earnings as a public company. Second-quarter adjusted Ebitda and revenue beat the average analyst estimate.
Stock Movers