Intel shares earlier jumped the most on record after the chipmaker delivered stronger-than-expected first-quarter results and issued a second-quarter forecast (read here) that beat Wall Street expectations.
Earlier, Intel shares jumped as much as 28%, rocketing to a record high and eclipsing their Dot Com peak, as Wall Street analysts cheered the earnings report as evidence that the chipmaker’s turnaround is gaining traction.
Citi analyst Atif Malik raised Intel to “Buy” from “Neutral,” with a $95 12-month price target, reflecting “improving AI-driven CPU demand, which should lift all CPU suppliers’ sales in the coming years.”
But in this note, the focus is on the value of the federal government’s position in Intel after its August 2025 deal with the once-struggling company.
Under the August 2025 deal, the Trump administration agreed to purchase 433.3 million Intel shares at $20.47 per share, equal to about a 9.9% stake, valued at around $8.9 billion, funded largely by previously awarded but unpaid CHIPS Act and Secure Enclave grants.
According to Bloomberg, those 433.3 million Intel shares owned by taxpayers are now worth a staggering $36 billion, netting taxpayers a $27 billion paper gain.
President Trump told reporters on Thursday that Intel is now "coming back. All the chip companies are coming back.”
Tyler Durden Sun, 04/26/2026 - 09:55Hungary will soon be getting a new government under Tisza’s Péter Magyar, but the landscape is already shifting, with a new LGBTQ-themed online television channel called “Rainbow” (“Szivárvány”) TV in the works to broadcast programs targeting the LGBTQI community 24 hours a day.
The entrepreneur behind the project, whose identity is being kept secret for now, reports Media1, but they have already submitted the necessary documents to the National Media and Communications Authority.
The channel will reportedly offer cultural programs, gastronomic content, and other shows about the history of the LGBTQI community. According to the owner, adult, 18+ content would be made available to subscribers exclusively in encrypted form, using appropriate technical protection.
And “special attention will be paid to the protection of children” and compliance with professional classification principles. This last is important, given Hungary’s child protection law, which has just recently been subject to a ruling by the Court of Justice of the European Union that the law “stigmatises and marginalises LGBTI+ persons.”
The CJEU essentially finds fault with the measure, not for seeking to protect children from homosexual propaganda but for associating non-cisgender people with convicted pedophiles. Specifically, it has ruled that it violates the Charter of Fundamental Rights of the European Union due to the Charter’s “prohibition on discrimination based on sex or sexual orientation, respect for private
and family life, and the freedom of expression and information.”
The court also took issue with Hungary’s pedophile registry, stating that its scope of access was not strict enough to comply with GDPR regulations.
Brussels has demanded that Hungary drop this law, and with Péter Magyar now set to assume the role of prime minister, many are looking to see how far he will bend to the EU’s will. Having taken a landslide victory, including many conservative voters looking for change, Magyar has many groups of voters to please, leading some to believe many of his electorate are set to be disappointed.
Whatever the case, this new LGBTQI TV channel is most likely the first in many developments that part ways with the conservative Hungary envisioned by Viktor Orbán.
Along with a shift on LGBT issues, there are questions how long Magyar will hold out on mass immigration and other key issues, especially of the EU plans to play hardball with Hungary’s billions in frozen funds.
Tyler Durden Sun, 04/26/2026 - 09:20