U.S. government sits on $26.5 billion gain from Intel stake, as shares surge 22%

The surge in Intel shares, up more than 22% after earnings, has significantly boosted the value of the U.S. government’s position. What to know : The U.S. government’s stake in Intel, acquired at $20.47 per share, is now worth approximately $35.4 billion. Intel’s stronger-than-expected earnings, driven by AI and data center growth, fueled the sharp 22% rally in pre-market trading on Friday. Growth was led by Intel’s Data Center and AI segment, which rose 22% to $5.1 billion as demand for Xeon processors accelerates alongside the broader AI infrastructure buildout.(Coindesk)