Intel's Stock Surge: A $32B Gain in 90 Days

0:00It's May 2nd. Welcome in. This is Durham News Today, where local news meets AI. I'm Cory with the story. The US government holds a 10% stake in Intel, snagged back in August 2025 for about $8,900,000. That's $433 million shares bought at $20.47 each, funded mostly by the CHIPS Act. Fast forward to April 30th, and with the stock closing at $94.75, that stakes now worth over $41 billion. And unrealized gain topping $32 billion in just 90 days. President Trump jumped on true social that day, boasting how his moves turned that into a massive win for America. He congratulated Intel and the people for the smart play. Sure enough, shares popped 3% after hours, and the whole CHIPS Act got a boost as traders saw it as a green light for ongoing Washington support. Not everyone's cheering, Senator Rand Paul slammed it as a socialist step, while Bernie

1:01Sanders said taxpayers deserve those returns. Still, the government's big ownership gave Intel cash and credibility during its rough patch, losing ground to rivals and pushing a factory. Turn around. Lately, Intel's business is firing on all cylinders. First quarter 2026 revenue hit $13,600 million, up 7% from last year, and beating estimates by 9%. Data center and AI sales jumped 22% to $5 billion, $50 million, fueling the stock's wild ride up 100% in April alone. Over 140% year to date. This mix of policy backing and real earnings growth has Intel trading like no other CHIPS stock, with presidential tweets adding extra swing. Those gains stay on paper until they sell. But if the momentum holds, America keeps cashing in big.