Intel Shares Are Up Today: What's Going On?

Intel Corporation INTC shares are trading higher on Tuesday, driven by comments from U.S. Vice President JD Vance about protecting American artificial intelligence and semiconductor technologies.

What To Know: According to CNBC, the stock reacted to Vance's remarks at the Paris AI summit, where he pledged to block foreign adversaries from stealing and misusing AI for military and intelligence purposes.

Vance stated that authoritarian regimes have exploited AI for surveillance, propaganda, and military advancements and that the U.S. would take aggressive action to prevent such activities. While he did not directly mention China's DeepSeek AI, he emphasized the need for international cooperation to limit adversarial access to AI technology.

Intel has struggled to regain its position in the semiconductor industry after losing significant market share to competitors like Nvidia and Broadcom. The stock fell 60% last year as the company lagged in AI chip development. In its most recent earnings report, Intel posted a third consecutive quarter of declining revenue and issued a weak forecast. The company is also undergoing leadership changes following the departure of CEO Pat Gelsinger.

Despite its challenges, Intel has secured billions in government subsidies to build semiconductor manufacturing facilities in the U.S. as part of an effort to strengthen domestic production. The company is currently led by interim co-CEOs David Zinsner and Michelle Johnston Holthaus.

INTC Price Action: Intel corporation shares were up 6.42% at $21.04 at the time of writing, according to Benzinga pro.