Government backs tech firm with $8.9B – first time EVER

This has never happened before in U.S. history...

Hey,

The federal government just took a 9.9% equity stake in a major tech company through CHIPS Act funding, marking the first time ever they’ve done this with a publicly traded firm.

This chipmaker swung from a $0.46 loss to profitability in one quarter, and Wall Street is still trying to catch up.

Five market developments are converging right now. Access full story here.

-Christopher

P.S. The turnaround under new leadership is happening faster than anyone expected. You really need to read this before it’s too late.