U.S. government’s Intel stake swells to $35 billion, netting $26.5 billion unrealized gain
Unrealized gains on the U.S. government’s stake in Intel (INTC) were about $26.5 billion after the chipmaker reported a stronger-than-expected first-quarter earnings report, sending the company’s shares up more than 22% in premarket trading on Friday. The position stems from an August agreement in which the Trump administration converted $8.9 billion in CHIPS Act appropriations…