Shares of Intel (NASDAQ: INTC) were on the move this week, on a number of different news items as investors seemed to spy opportunity in the beaten-down legacy chipmaker. While the company has mostly played the role of the aging laggard in the artificial intelligence (AI) boom,

The Trump administration has effectively put a buy rating on Intel’s stock. But that alone won’t get the troubled chip maker out of its jam. Intel’s shares have soared 22% so far this week. The run started after Vice President JD Vance delivered a speech at an AI summit in Paris early Tuesday that touted the White House’s aim to shore up domestic chip production.