Trump Says He Made ‘Hundreds of Billions’ From Intel Stock: How Much Would His $20 Investment Be Worth Now?
U.S. President Donald Trump said he has made “Hundreds of Billions of Dollars” from stocks and other holdings for the United States in a Truth Social post published Sept. 6, while an AI-generated image showed him trading Intel Corporation shares from $20 to $95 at the White House.
The claim comes as Intel shares have surged sharply since the U.S. government acquired a 9.9% stake in the chipmaker in August 2025.
Trump wrote, “I do this for our Country, not myself. I’ve made Hundreds of Billions of Dollars on Stocks, and many other type Holdings for the U.S.A., not myself, and all I do is get criticized by the Radical Left Democrats.”
Trump has not included figures or documents in the post to support the assertion of hundreds of billions of dollars in gains. The Intel investment offers a real-world example: The U.S. government’s purchase of 433.3 million shares of Intel for $8.9 billion at $20.47 a share.
At Intel’s Sept. 4 closing price of $95.80, the stake would be worth about $41.5 billion, producing an unrealized gain of roughly $32.6 billion if the government still held all 433.3 million shares.
What the U.S. Government Paid for Intel Shares
In August 2025, the U.S. government agreed to buy the newly issued shares of Intel for $20.47 each, totaling 433.3 million shares, or a 9.9% stake in the company. Intel stated that the investment was made using previously awarded but unfunded CHIPS and Science Act grants, as well as $3.2 billion in Secure Enclave awards.
The government stake was configured as a passive stake where the government did not have a seat on the board and did not have any other governance or information rights.
The transaction also gave the government a five-year warrant to acquire an additional 5% of Intel’s common shares at $20 per share under specified conditions related to Intel’s ownership of its foundry business.
How Much Is the Intel Stake Worth Now?
Intel shares closed at $95.80 on Sept. 4, 2026, compared with the government’s purchase price of $20.47. At $95.80 a share:
The calculation is based on the publicly disclosed purchase price and the Sept. 4 closing price. It does not represent a realized profit unless the government sells the shares.
The figures also show why Trump’s “Hundreds of Billions of Dollars” statement cannot be explained by the disclosed Intel investment alone. The government’s paper gain on the original Intel stake is measured in tens of billions of dollars, not hundreds of billions.
Intel Stock Has Risen Sharply
The $95 figure shown in Trump’s image closely tracks Intel’s recent market price. Intel closed at $95.80 on Sept. 4 after trading as high as $95.94 during the session.
The stock’s rise represents a substantial increase from the government’s $20.47 purchase price. Intel’s shares have also benefited from a broader turnaround in the company and renewed investment in U.S. semiconductor manufacturing.
Intel announced in August 2026 that it had priced a $20 billion common-stock offering at $95 a share after increasing the size of the deal from $15 billion. The company said the proceeds would support general corporate purposes, including capital expenditures and working capital.
Trump Has Also Disclosed Extensive Stock Trading
The Intel post comes amid increased attention to Trump’s investment activity. His financial disclosures show thousands of securities transactions during 2026.
Trump’s first-quarter financial disclosures found 2,346 purchases and 1,296 sales between Jan. 6 and March 30, for a total of 3,642 transactions. The transactions were reported within broad dollar ranges rather than at exact values.
A later disclosure showed more than 1,000 additional securities transactions in June. The U.S. Office of Government Ethics filing put the combined value of those transactions within a range of $78.1 million to $263.1 million because individual transactions are reported in ranges.
The White House and Trump’s representatives have said his investment accounts are independently managed and that neither Trump nor his family directs individual transactions.
Trump’s Claim Exceeds Intel’s Disclosed Gains
Trump’s broader claim covers stocks and “many other type Holdings” and does not identify a specific portfolio, transaction or calculation supporting the stated amount.
The publicly disclosed Intel transaction offers a narrower benchmark. The U.S. government’s original $8.9 billion investment would have risen to about $41.5 billion at Intel’s Sept. 4 closing price, assuming the full stake remained unchanged.
The Intel figures provide the publicly disclosed measure of the gains associated with the investment Trump highlighted, about $32.6 billion in unrealized appreciation at Intel’s Sept. 4 closing price, based on the government’s original 433.3 million-share stake.
