Shares of Intel saw a significant rise during trading on Tuesday after U.S. Vice President JD Vance delivered a keynote speech at the 2025 AI Summit in Paris, where he discussed the United States' strategic approach to artificial intelligence, emphasizing the commitment to strengthening the production of domestic AI systems.
Vance touched on Trump's administration's vision for developing artificial intelligence, stating that his country will ensure the development of the most advanced AI systems on U.S. soil, supported by chips designed and manufactured in the United States.
Vance's remarks bolstered Intel's shares, which received strong support following a positive review of Intel's latest processors by Tom's Hardware, indicating that early benchmarks for the Core Ultra 9 275HX processor based on Arrow Lake showed competitive performance against rival products, drawing investors' attention to the processor.
Last March, Intel unveiled an ambitious plan to invest nearly $100 billion in manufacturing infrastructure in the United States, stating that a key component of this strategy includes building what CEO Pat Gelsinger referred to as the world's largest AI chip manufacturing facility near Columbus, Ohio.
This announcement provided a significant boost for Intel, which saw its shares (NASDAQ: INTC) rise by 6.98% during U.S. stock market trading today, with the stock recording $21.33 after touching its highest level in three weeks earlier in the session at $21.88.
