Intel Up 3.7% at $120 as Trump Calls It the Hottest Stock
By Tobi Opeyemi Amure
AI summary of the source article
Intel shares gained 3.71% to close at $120.23 on September 30, but declined 1.26% in premarket trading the next morning. Between those sessions, TIME published an interview where Donald Trump called Intel the hottest stock and asserted the U.S. made $60 billion to $70 billion on its stake, while also suggesting potential government holdings in OpenAI and Anthropic. However, calculations based on the government's August 2025 purchase of 433.3 million shares at $20.47 show the position is worth $52.1 billion with about $43.2 billion in unrealized gains, falling short of the $60 billion profit claim.
Why it matters
The comments defend the U.S. government's 2025 equity purchase in Intel and suggest the administration could consider taking similar ownership stakes in AI companies such as OpenAI and Anthropic.
Key facts
- Intel shares closed at $120.23 on September 30 and traded down 1.26% to $118.71 in premarket trading on October 1.
- The U.S. government's 433.3 million share stake purchased at $20.47 is worth $52.1 billion at the $120.23 price, representing a $43.2 billion unrealized gain.
- Donald Trump claimed the government made $60 billion to $70 billion on Intel and replied 'I might' regarding taking stakes in OpenAI and Anthropic.