Intel's stock received an unexpected boost yesterday after JD Vance, the US Vice President
Intel's stock received an unexpected boost yesterday after JD Vance, the US Vice President, reiterated the White House's commitment to onshoring the development of advanced artificial intelligence (AI) chips. Vance's remarks at the Paris AI summit sparked a surge in Intel's stock price, which opened nearly 10% higher on Wednesday.¹
This development is particularly significant for Intel, as the company is one of the few US-based entities capable of manufacturing high-end AI chips. The potential for increased demand and subsidies from the US government could provide a substantial tailwind for Intel's stock.
In fact, analysts predict that Intel's earnings could grow by approximately 87% year-over-year in 2025, followed by an impressive 609% growth in 2026. While the mean target price for Intel's stock is around $23.98, some analysts believe it could potentially triple in value.
As of yesterday, Intel's stock price closed at $22.48.² With this recent boost, investors are eagerly watching to see if Intel's stock will continue to rise.
Intel's stock got a significant boost after JD Vance, the US Vice President, reaffirmed the White House's commitment to developing advanced artificial intelligence (AI) chips in the US.¹ Vance's remarks at the Paris AI summit led to a surge in Intel's stock price, which opened nearly 10% higher on Wednesday.
This development is particularly important for Intel, as the company is one of the few US-based entities capable of manufacturing high-end AI chips. The potential for increased demand and subsidies from the US government could provide a substantial tailwind for Intel's stock.
Analysts predict impressive earnings growth for Intel, with an expected 87% year-over-year growth in 2025, followed by a 609% growth in 2026. The mean target price for Intel's stock is around $23.98, but some analysts believe it could potentially triple in value. As of yesterday, Intel's stock price closed at $22.48.
Intel's stock has already jumped 15% from its year-to-date low, and the company's efforts to turn around its business after a 59.60% decline in its shares last year are gaining traction.² With the US government's commitment to onshoring chip production, Intel may attract more demand and partnerships, making its shares attractive to own.³
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