Why Intel Corp. (INTC) Went Up On Tuesday?

We recently published a list of These 10 Companies Led Tuesday’s Charge. In this article, we are going to take a look at where Intel Corp. (NASDAQ:INTC) stands against other companies that led Tuesday’s charge.

Wall Street’s main indices finished mixed on Tuesday, with the Nasdaq as the sole loser, as investors largely brushed off President Donald Trump’s tariff threats in hopes that countries would eventually reach a negotiated settlement.

Additionally, investors cheered signals from the Federal Reserve that a rate interest cut was not imminent, saying it would wait as necessary before implementing any rate adjustments.

The Dow Jones eked out a 0.28 percent gain, while the S&P 500 inched up 0.03 percent. The tech-heavy Nasdaq dropped 0.36 percent.

Ten companies on Tuesday led the charge amid a flurry of positive news sparking buying appetite. This article detailed the reasons behind their performance.

To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A technician soldering components for a semiconductor board.

Intel Corp. (NASDAQ:INTC)

Intel saw its share prices grow 6.07 percent on Tuesday to end at $20.97 apiece as investors gobbled up shares in the company following a bullish outlook from US Vice President JD Vance on the semiconductor manufacturing industry.

At an Artificial Intelligence summit held in Paris, France, Vance highlighted the importance of domestic semiconductor manufacturing to enhance US competitiveness and technological leadership.

He emphasized that the US will safeguard American AI and chipmakers from “theft and misuse” by its “adversaries.”

Vance’s comments fueled optimism for INTC, a US-based semiconductor manufacturer, whose strategic focus is now on advancing AI hardware capabilities.

“We will…work with our allies and partners to strengthen and extend these protections and close pathways to adversaries attaining AI capabilities that threaten all of our people,” Vance said in his speech at the summit. “Some authoritarian regimes have stolen and used AI to strengthen their military intelligence and surveillance capabilities, capture foreign data, and create propaganda to undermine other nations’ national security.”

Overall, INTC ranks 7th on our list of companies that led Tuesday’s charge. While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as INTC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.