The Trump administration has effectively put a buy rating on Intel’s stock. But that alone won’t get the troubled chip maker out of its jam. Intel’s shares have soared 22% so far this week. The run started after Vice President JD Vance delivered a speech at an AI summit in Paris early Tuesday that touted the White House’s aim to shore up domestic chip production.

Increased AI Chip Manufacturing in the U.S. Intel has made significant investments in its U.S.-based foundry operations over recent years.

Intel (NASDAQ: INTC) stock is gaining ground in Monday's trading. The semiconductor company's share price was up 4% as of 2 p.m. ET. At the same point in time, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.