Intel Shares Surge After AI Infrastructure Commitment

In a significant boost to Intel Corporation, shares surged by 10% on Tuesday. This leap came after United States Vice President JD Vance reaffirmed the administration's commitment to establishing the world's most robust artificial intelligence (AI) infrastructure within the United States. Vance emphasized the government's dedication to safeguarding the US semiconductor sector from potential threats posed by foreign adversaries.

At 11:35 am ET, Intel's shares experienced a remarkable increase, selling for $21.7492, marking a 10.01% rise. This surge underscores the market's positive reception to the administration's focus on advancing AI technology and protecting critical industries.