Intel's stock more than doubles in April for best month in chipmaker's 55 years on Nasdaq
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- Intel saw its shares surge 114% in April, delivering its best month in 55 years on the Nasdaq.
- Lip‑Bu Tan said demand for Intel’s data‑center CPUs exceeds supply, with new 18A chips rolling out of Arizona.
- Trump praised Intel on Truth Social, noting the $8.9 billion CHIPS Act investment that now values the government’s 10% stake at over $40 billion.
- NASDAQ is on its longest winning streak since 1992, buoyed by Intel’s record rally.
- U.S. economy shows resilience as the S&P 500’s performance is reinforced by Intel’s 7% revenue growth and expanding AI demand.
- CHIPS Act funding enabled the government’s 10% stake in Intel, a lifeline that helped reverse its 60% plunge in 2024.
Why it matters: Intel shareholders gain roughly $40 billion in market value as the stock’s 114% jump fuels higher cap‑ex for AI chips, while rivals like AMD face tighter pricing pressure.
