BUZZ-Intel extend gains after VP Vance's speech supporting US-made AI systems

Shares of Intel INTC.O extend gains on Wednesday after a 6.1% rise in previous session; last up 5.1% at $22.04 premarket

U.S. Vice President JD Vance said at the AI summit in Paris on Tuesday that President Donald Trump's administration would ensure that the most powerful artificial intelligence systems would be built in the U.S.

"This administration will ensure that American AI technology continues to be the gold standard worldwide, and we are the partner of choice for other foreign countries and certainly businesses as they expand their own use of AI" - Vance said

Intel stock had fallen 60.1% in 2024