Increased AI Chip Manufacturing in the U.S. Intel has made significant investments in its U.S.-based foundry operations over recent years.

The continued momentum for Intel’s stock could force hedge funds to start buying. Plus, Intel’s process technology is getting more respect.

Shares of Intel (NASDAQ: INTC) were up by 8.4% as of 1:45 p.m. ET Thursday after having gained as much as 10.5% earlier in the session. At the time, the S&P 500 was up by 0.5% and the Nasdaq Composite had gained 0.

Intel stock was also aided by comments made by Vice President JD Vance in today's keynote speech at the Paris AI summit. The vice president promised that the U.S. would safeguard American AI technologies and urged regulators in Europe to reduce regulations targeting AI.

Intel’s stock has enjoyed a strong three-day rally, fueled by a hospitable political climate and analyst commentary about its CPU business.