Intel Stock Surges 28%, U.S. Government's 9.9% Stake Reaches $360B Valuation

Gate News message, April 25 — Intel stock soared nearly 28% on April 24 (local time), hitting an all-time high after the company's first-quarter earnings significantly exceeded expectations. The rally pushed the U.S. government's 9.9% stake in Intel to approximately $360 billion in market value.

Since the U.S. government announced its investment plan with Intel in August last year, the position has generated unrealized gains of nearly $27 billion. The strong Q1 performance marks a significant rebound for the chipmaker.