Intel Stock Price Surges Over 24% in Pre-market Trading, US Government's Stock Holding Shows Unrealized Gain of Over $27.1 Billion

BlockBeats News, April 24th, Intel disclosed its performance for the first quarter of the 2026 fiscal year, with revenue of $13.6 billion, a 7% year-on-year increase, exceeding Wall Street's consensus expectations by 11%. Non-GAAP earnings per share were $0.29, compared to analysts' expected $0.01, surpassing expectations by 29 times, a rare gap in large-cap stocks. After the announcement, according to Bitget data, Intel's stock price surged more than 24% in pre-market trading, reaching $83.27, and the U.S. government's stake recorded an unrealized gain of over $27.1 billion.

The position originated from a transaction in August last year, where the Trump administration converted $8.9 billion in the "Chip Act" appropriation and Secure Enclave funding into 433.3 million shares of Intel at a price of $20.47 per share, gaining approximately a 9.9% stake. With Intel's pre-market trading price reaching $83.27 on Friday, the position is currently valued at around $36 billion, tripling in less than a year. In addition, the U.S. government also holds warrants to purchase an additional 5% of the shares at a price of $20 per share.