INTC stock price: Intel shares jump 8% after JD Vance vows to safeguard American chips from ‘theft and misuse’ at Paris AI summit

Shares of Intel Corporation (NASDAQ: INTC) rose 8% on Tuesday after Vice President JD Vance said that the U.S. will safeguard American artificial intelligence and chip technologies from “theft and misuse” by its “adversaries,” making a veiled reference to China. (The stock closed up by just over 6%.)

“We will . . . work with our allies and partners to strengthen and extend these protections and close pathways to adversaries attaining AI capabilities that threaten all of our people,” Vance said in address at France’s AI Action Summit in Paris. “Some authoritarian regimes have stolen and used AI to strengthen their military intelligence and surveillance capabilities, capture foreign data, and create propaganda to undermine other nations’ national security.”

China’s chipmaking and AI technologies have been front and center at the Paris talks, with a focus on China’s DeepSeek, a reasoning AI model believed to now rival U.S.-based OpenAI’s GPT-o1 technology, but at a much lower cost.

Intel is currently trying to turn around its business after the chip-manufacturing giant’s shares lost 59.60% last year. The stock is down 4.2% year to date. The question on the street remains whether Intel can get back its chipmaking edge. Help from the Trump administration could do just that.

Once the largest semiconductor company in the world, Intel has lost market share in the past few years to rivals Nvidia and Broadcom after making a number of missteps, including missing out on the generative artificial intelligence boom. It eventually lost its spot in the Dow Jones Industrial Average to Nvidia.

Intel is now rebuilding its business, having cut 15% of its staff as part of a $10 billion plan to reduce costs this past summer. More recently, Intel’s fourth-quarter earnings beat estimates, driving shares up 3% in after-hours trading, although it issued disappointing guidance ahead.

Meanwhile, shares of Nvidia and Broadcom stayed relatively flat today, down 0.22% and up 0.89%, respectively.