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Benzinga
  • 6 hours ago
The U.S. government acquired a ~10% stake in Intel in August 2025, buying 433.3M shares at $20.47 for $8.9B to support domestic semiconductor manufacturing. Intel's Q1 earnings beat drove shares to ~$80, up ~290% from the government's entry price, resulting in an unrealized gain of ~$26.5B. Intel revenue grew 7% in March 2026 with potential for 24% growth based on guidance. Shares jumped 19.79% after hours.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. government acquired a roughly 10% stake in Intel in August 2025,
00:08buying 433.3 million shares at $20.47 for $8.9 billion, according to Benzinga.
00:16Commerce Secretary Howard Lutnick called it a move to support domestic semiconductor manufacturing.
00:22Intel's first quarter earnings beat drove shares up about 15%,
00:26reversing skepticism and drawing strong attention across Wall Street.
00:30The stock traded near $80 after the report, up about 290% from the government's $20.47 entry,
00:38resulting in an unrealized gain of roughly $26.5 billion.
00:43Intel's revenue declined 4% in December 2025 and grew 7% in March 2026,
00:50with potential to reach 24% growth based on guidance.
00:53Jim Cramer said Intel is seeing strong CPU demand,
00:57while Zero Hedge warned its forward P.E. above 100 times reflects high expectations
01:01and limited margin for error.
01:04Shares jumped 19.79% to about $80 after hours, according to Benzinga ProData.
01:09For all things money, visit Benzinga.com.
01:12I don't give us a discount.
01:12You
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