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2h ago

Intel Jumps 50% in a Month as U.S. Stake Swells to $16 Billion

Investor optimism followed reports of early talks to add AMD as a foundry customer.

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Overview

  • Intel shares rose about 3% on Thursday, extending a one‑month rally above 50% and pushing the stock past $37.
  • The surge lifted the market value of the U.S. government’s roughly 10% holding to about $16 billion, up from the $8.9 billion invested in August.
  • The administration purchased 433.3 million Intel shares at $20.47 each in August, establishing a near‑10% position.
  • Recent gains were fueled by reports that Intel is in preliminary discussions to manufacture chips for AMD, a development that remains unconfirmed.
  • White House Press Secretary Karoline Leavitt posted a celebratory message on X about the paper gains, while the government’s direct stake continues to draw scrutiny.