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President Donald Trump praised the spike in Intel stock this week, noting that he was “proud” of the rise, and unabashedly took credit for its ascent and impact on the U.S. economy.
“Intel Stock continues to rise,” the president wrote on Truth Social.
He continued, “I’m very proud of that Company in that I am responsible for making the United States of America over 30 Billion Dollars in the last 90 days on that stock alone.”
According to a report from 24/7 Wall St., Intel stock has indeed risen 10 percent to $93 this week, in a surge apparently fueled by a widespread CPU shortage, which has in turn been sparked by high demand due to the rapid growth of artificial intelligence (AI) technology.
“There are others that, likewise, I have been very successful with by taking pieces of the Equity for support,” President Trump said in his statement. “Congratulations to Intel on doing such a great job and, more importantly, congratulations to the People of the United States for making such a good investment!”
Intel stock has been up 115 percent overall in April, according to an analysis from Barron’s, noting in its report the company’s unique capacity to “make the most advanced AI chips.”
President Donald Trump’s public praise of Intel and its stock spike will doubtless highlight the company’s success and likely further drive it forward.
“The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic,” said Lip-Bu Tan, Intel CEO, in a statement this month highlighting the company’s Q1 financial results.
He added, “This shift is significantly increasing the need for Intel’s CPUs and wafer and advanced packaging offerings. With a solid foundation in place, we are addressing this opportunity by listening to our customers and driving their success with our technical expertise and differentiated IP.”
