Donald Trump endorsed this stock and the market reacted
By Hillary Remy
Published on May 2, 2026.
President Donald Trump has endorsed Intel stock, stating that he is responsible for making the United States of America over 30 billion dollars in the last 90 days on that stock alone. The announcement of the government purchasing 433.3 million shares at $20.47 per share for $8.9 billion, a value exceeding $30 billion. The funding came from $5.7 billion from the CHIPS and Science Act and $3.2 billion from secure semiconductor initiatives. The government's stake in Intel was acquired in August 2025 and is now worth over $41 billion. Intel's stock has surged by around 100% in April and over 140% year-to-date, making it one of the strongest performers among major U.S. technology names in 2026.
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