Key Takeaways

Intel ( INTC ) shares soared in intraday trading Tuesday, and were among the S&P 500's top performers after Vice President JD Vance said the Trump administration wants artificial intelligence chips manufactured domestically.

“To safeguard America’s advantage, the Trump administration will ensure that the most powerful AI systems are built in the U.S. with American-designed and -manufactured chips,” Vance said Tuesday at the AI Action Summit in Paris.

Policies favoring U.S. chip manufacturers could benefit Intel’s struggling foundry business, which manufactures chips in the U.S. for third parties. The foundry lost $13.4 billion in 2024 and has been the subject of sale speculation in recent months.

Shares of Intel jumped nearly 7% to about $21 Tuesday following Vance's speech, but even with Tuesday's gains, the stock has lost more than half its value over the past 12 months.

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