The Trump administration's 10% stake in Intel has ballooned to approximately $28 billion, marking a 315% gain since the initial $8.9 billion investment in August 2025. Intel's stock soared 28% on Friday, reaching a record high of $85.22—its strongest single-day performance since 1987. Year-to-date, the chipmaker's shares have climbed 120%, eclipsing even its dot-com era peak.

Intel's stellar earnings report fueled the rally, with quarterly revenue hitting $13.58 billion—far exceeding Wall Street's $12.42 billion forecast. Earnings per share crushed estimates at $0.29 versus $0.01 projected. The company anticipates Q2 revenue between $13.8 billion and $14.8 billion, outpacing analyst expectations of $13 billion.

Market optimism intensified after Tesla and SpaceX selected Intel's 14A process for their Terafab AI chip project, validating the semiconductor giant's next-generation manufacturing capabilities. This strategic win positions Intel as a critical player in the AI hardware race.