Intel shares surge 24 percent in a single day
Intel shares surged nearly 24% in a single day following a strong quarterly earnings report, marking the company's highest growth rate since 1987. Driven by the rapid expansion of artificial intelligence, the rally pushed Intel’s stock to levels not seen since the dot-com era and significantly increased the value of the U.S. government’s stake in the firm. This positive momentum lifted the entire semiconductor sector, with competitors like AMD and Arm seeing double-digit gains while Nvidia’s market capitalization surpassed the $5 trillion milestone.
In the US stock market, Intel Corporation shares rose 23.6% after the announcement of its quarterly report. During trading, the growth indicator reached 25%, and the price of the company's securities exceeded the maximum level from the dot-com bubble period of the 2000s. The price per share reached $82.54, showing the highest growth rate recorded since 1987. This is reported by 3dnews.ru reports .
According to Bloomberg agency, the value of the Intel shares package owned by the US government since August last year reached $36 billion. If the government sells these assets now, the nominal profit will be $27 billion. Rapid development in the field of artificial intelligence has increased demand for Intel processors and helped bring the company out of a crisis.
This positive trend also affected other companies in the sector. AMD shares rose 14%, and Arm securities increased by 12%. Nvidia's capitalization grew by 4.3%, exceeding the $5 trillion mark. Donald Trump commented on the situation, emphasizing that the US is once again becoming a chip manufacturing hub.
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