[Watcher Guru] JUST IN: White House economic advisor Kevin Hassett says Intel's results are a positive sign for the chip industry.

White House economic advisor Kevin Hassett said Intel’s results are a positive signal for the semiconductor industry, even as Intel shares ($INTC) have fallen 54% over the past 30 days, erasing more than $310 billion in market value. The comment from a senior administration official matters because it frames Intel’s performance as a bellwether for the broader chip sector at a time of sharp valuation losses. Investors will watch whether Intel’s results and Washington’s read on them help stabilize sentiment across semiconductor stocks.