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

The U.S. government's roughly 10% equity stake in Intel has lost $11 billion in value after the chipmaker's shares plunged 29% in a single day, a sharp reversal for the position President Trump had publicly touted as a win for American taxpayers. The stake, acquired through the government's conversion of Intel CHIPS Act funding into equity, had been highlighted by Trump as evidence of his administration's dealmaking delivering gains, but the one-day selloff erased roughly a quarter of the position's value. Analysts are divided on whether the stock can rebound, with the decline reflecting broader concerns about Intel's competitive position in the semiconductor market. The episode underscores the political and market risks of the government taking direct equity stakes in public companies, a departure from traditional industrial policy. Investors will be watching Intel's upcoming earnings and any further White House commentary on the stake for signals on whether the government's involvement will continue to influence the stock's trajectory.