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.
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