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Intel shares climbed 12% to a new all-time high, according to market data. The surge has boosted the Trump Administration's investment in the stock by 420% since August 2025. This results in an unrealized gain exceeding $40 billion for the administration.
benzinga.comIntel stock surged 12% on Wednesday, reaching its highest level on record, @KobeissiLetter reported. The gains extended throughout the trading day, pushing the shares to unprecedented territory amid strong market momentum. Separately, the Trump Administration's position in Intel stock has risen 420% since its investment began in August 2025, the same source stated.
This performance reflects a sharp appreciation in the semiconductor company's value over the past nine months. As a result, the administration holds an unrealized gain of more than $40 billion on the Intel investment, @KobeissiLetter added. The figure underscores the scale of the returns generated in under a year, tied directly to the stock's recent climb.
The VergeValve will begin shipping its Steam Machine on June 29 at a base price of $1,049 without a gamepad. The compact Linux device supports modern gamepads and multiple peripherals while delivering 1080p performance upscaled to 4K in tested titles.
thehindubusinessline.comMeta announced Monday that Will Cathcart is stepping down as head of WhatsApp after more than seven years. Kunal Shah, founder of Cred, will succeed him. Meta is investing $900 million in Cred as part of the transition.
thewrap.comGoogle DeepMind and A24 announced a research partnership to develop new AI tools for film production and distribution. Google is investing around $75 million in the studio as part of the multiyear, non-exclusive deal.