(Washington, DC) – Intel (INTC) got another boost Wednesday after President Trump praised the stock’s rally on Truth Social, helping push shares even higher in after-hours trading. The stock closed at $94.75, up $10.20 on the day, a gain of 12.06% from the previous close of $84.55. It then added to those gains after the bell, rising to $98.72, up another $3.97, or 4.19% in after-hours action.
The move adds even more fuel to what has already been a massive run for Intel (INTC). Investors have been piling in since the company’s strong first-quarter earnings report, which showed revenue and profit coming in ahead of expectations. Intel also delivered upbeat guidance, giving Wall Street more confidence that the turnaround under CEO Lip-Bu Tan is gaining real traction, especially in data center and AI-related demand.
From the prior close of $84.55 to the after-hours price of $98.72, Intel (INTC) was up roughly $14.17 overall — a total jump of about 16.8% in just over one trading session. Trump’s endorsement added momentum to an already red-hot stock, and traders will now be watching to see whether Intel can keep extending one of the strongest rallies in tech this year.
