Shares of Intel (NASDAQ: INTC) are soaring this week, up 24.1% as of 3:13 p.m. ET. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) was up 1%, and the Nasdaq-100 was up 0.5%.

What Happened? Shares of computer processor maker Intel (NASDAQ:INTC) jumped 3.5% in the morning session after reports revealed the Trump administration is considering taking a stake in the company. The potential investment,

Shares of Intel jumped Thursday to close 7.38% higher at $23.86 following news that the U.S. was discussing the possibility of taking a stake in the troubled chip maker. Shares continued to climb in after-hours trading.