Times of India4/24/2026BusinessIndia
Intel shares surge 26.7% in biggest single-day gain since 1987 after strong Q1 results
US government investment in Intel yields nearly 300% return as chipmaker's AI-driven turnaround exceeds expectations
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- Intel shares jumped 26.7% on Friday in what could be the chipmaker's strongest single-day gain since 1987, after reporting Q1 revenue of $13.58 billion, beating forecasts of $12.3 billion.
- The rally continued after hours with shares rising another 20%.
- The US Trump administration acquired a 9.9% stake in Intel in 2025 for $8.9 billion at $20.47 per share; with shares now at $81.3, the investment has gained nearly 300%.
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Intel shares jumped 26.7% on Friday in what could be the chipmaker's strongest single-day gain since 1987, after reporting Q1 revenue of $13.58 billion, beating forecasts of $12.3 billion. The rally continued after hours with shares rising another 20%. The US Trump administration acquired a 9.9% stake in Intel in 2025 for $8.9 billion at $20.47 per share; with shares now at $81.3, the investment has gained nearly 300%.
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This article was originally published by Times of India.
