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,

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

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.