Intel stock surges 6% after VP JD Vance advocates for US AI chips

From StockTwits: 2025-02-12 09:08:10

Vice President JD Vance spoke at the AI Action Summit in Paris, advocating for U.S.-made AI chips to strengthen semiconductor manufacturing. Intel Corp. (INTC) shares surged 6% after his speech. Vance criticized European governments for over-regulating U.S. tech companies and hindering AI innovation. Analysts suggest Taiwan Semiconductor Manufacturing Co. (TSM) could partner with Intel to establish a joint manufacturing facility with CHIPS Act funding. Retail sentiment on Stocktwits turned bullish at 66/100, with high message volume. Intel’s share price has seen 8% gains in six months but dropped 52% in a year. For updates, contact newsroom[at]stocktwits[dot]com.



Read more at StockTwits: Intel Stock Surges On JD Vance’s Speech On US AI Chips, Baird Speculates On TSMC Playing A Supporting Role: Retail Turns Bullish