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In late summer 2025, Intel’s long-slumbering stock sprang to life as Washington’s political winds shifted. President Trump, who had once criticized Intel (INTC), suddenly signaled support. The U.S. announced plans to convert unused CHIPS Act grants into a roughly 10% equity stake in Intel.
At the same time, marquee investors piled into INTC stock. Billionaire David Tepper’s Appaloosa Management disclosed an 8 million share position worth around $179 million in Q2, and others followed suit: AQR Capital boosted its holding by 210%, Citadel added 6.25 million shares, and Renaissance Technologies bought 7.22 million shares of Intel. Even SoftBank (SFTBY) announced a $2 billion investment at roughly $23 per share in mid-August. All told, Wall Street’s smartest money seems to be treating Intel as a potential comeback story, a beaten-down chip giant suddenly viewed as a turnaround play. Could it be? Let's discuss.
