According to President Trump, the U.S. government’s unrealized gain on its Intel stake surpassed $30 billion on May 1-2, 2026, as the chipmaker’s stock reached an all-time high of $100.45 during the session and closed at $99.62. The government acquired a 9.9% equity stake (approximately 433.3 million shares) at $20.47 per share in August 2025 for roughly $8.9 billion, representing a 385% surge since acquisition. At the latest closing price, the stake is worth approximately $43.1 billion.
Intel’s rally was fueled by first-quarter 2026 earnings that exceeded expectations, with revenue of $13.58 billion (up 7% year-over-year) and adjusted earnings per share of $0.29 versus forecasts of $0.01. The Data Center and AI segment generated $5.1 billion in revenue, up 22%, while Intel Foundry revenue increased 16% to $5.4 billion. CNBC’s Jim Cramer described the quarter as one of Intel’s strongest revenue performances in years, citing margin expansion and stronger AI infrastructure demand.
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