Signage outside the Intel headquarters in San Jose, California, US, on Thursday, Sept. 18, 2025.
David Paul Morris | Bloomberg | Getty Images
Shares of U.S. chipmaker Intel climbed 3% Thursday, putting the monthly gain over 50%.
The surge pushed the stock past $37, hiking the value of the U.S. government’s 10% stake in Intel to roughly $16 billion.
The Trump administration negotiated an $8.9 billion investment in Intel common stock in August, purchasing 433.3 million shares at $20.47 per share.
Press secretary Karoline Leavitt celebrated the surge with a post on X from the Association of Mature American Citizens, a conservative organization.
Intel shares jumped 7% on Wednesday after news that the company is in early talks with AMD to add the hardware-maker as a customer.
