Commerce Secretary Howard Lutnick met repeatedly with Tim Cook, Elon Musk, and Jensen Huang to encourage partnerships with Intel, with President Trump also advocating for Intel in a White House meeting. Intel’s stock rose from roughly $20–$21 per share to about $125 per share after the government took a 10% equity stake. Intel reported Q1 FY2026 revenue of $13.577 billion, beating estimates by 9.22%, with Data Center and AI up 22% year over year and Intel Foundry up 16%. Gross margin expanded to 41.0% despite a $4.07 billion restructuring charge tied largely to Mobileye goodwill impairment. Q2 guidance calls for $13.8–$14.8 billion revenue and non-GAAP EPS of $0.20 at about 39.0% gross margin. Intel directors bought shares on May 7, 2026, mostly in 12,552-share blocks tied to vesting events.
"Insiders are buying. Eight Intel directors simultaneously acquired common stock on May 7, 2026, mostly 12,552-share blocks tied to vesting events. The CH"
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