(CNBC) Shares of U.S. chipmaker Intel climbed 3% last week, putting the monthly gain over 50%. The surge pushed the stock past $37, hiking the value of the U.S. government’s 10% stake in Intel to roughly $16 billion. The Trump administration negotiated an $8.9 billion investment in Intel common stock in August, purchasing 433.3 million shares at $20.47 per share. Press secretary Karoline Leavitt celebrated the surge with a post on X from the Association of Mature American Citizens, a conservative organization.
Intel stock is up 50% over the last month, putting U.S. stake at $16 billion
This entry was posted in Hedge Fund Performance, HedgeCo News, Uncategorized. Bookmark the permalink.
