Trump Bragged About Intel Stock Gains. U.S. Stake Lost $11 Billion

Intel (INTC) fell 29% Friday after a disappointing fourth-quarter outlook, erasing about $11 billion from the U.S. government’s stake, despite President Donald Trump’s claims it had made America billions. At Intel’s $65.76 Friday close, the stake remained up nearly $20 billion against a $20.47 average cost, according to BeInCrypto, despite the plunge. Intel beat quarterly profit estimates but slightly missed sales; weak PC demand, high memory prices and supply problems weighed, while data center and AI sales rose nearly 80% to $7.3 billion. New Street upgraded Intel to buy, while Bank of America, Roth Capital Partners and Seaport Research Partners downgraded it to neutral; CEO Lip-Bu Tan expects server processor units to grow 30% in both 2026 and 2027.