Intel's Stock Price Surges Over 24% in Pre-market Trading, US Government's Holdings See Unrealized Gain of Over $27.1 Billion
On April 24, Intel reported Q1 2026 financial results that blew past Wall Street expectations:
- Revenue: $13.6 billion (7% year-over-year growth, 11% above consensus estimates)
- Non-GAAP earnings per share (EPS): $0.29 (29x analysts’ $0.01 forecast—rare deviation for large-cap stocks)
Following the release, Bitget data shows Intel’s pre-market trading price surged over 24% to $83.27. The U.S. government’s stake in the company now has an unrealized gain of more than $27.1 billion.
That position traces to an August 2025 transaction: the Trump administration converted $8.9 billion in “Chip Act” appropriations and Secure Enclave funds into 433.3 million Intel shares at $20.47 apiece, securing a ~9.9% ownership stake.
At Friday’s $83.27 pre-market price, the stake is valued at roughly $36 billion—tripling in value in less than a year. The U.S. also holds warrants to buy an additional 5% of Intel’s shares at $20 each, with those options currently deep in the money.
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U.S. Stock Futures Rise Pre-market, Crypto-Related Stocks Show Broad Gains, ABTC Up Over 2%
On April 24th, Bitget market data shows pre-market trading for crypto-related U.S. stocks was broadly higher, with the following moves:
American Bitcoin (ABTC) +2.38%; Robinhood (HOOD) +1.52%; MicroStrategy (MSTR) +1.05%; Gemini (GEMI) +0.92%; Circle (CRCL) +0.78%; Bitmain (BMNR) +0.75%; Coinbase (COIN) +0.74%.
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Iranian Vice President Vows Severe Retaliation to Attack on Iranian Energy Facilities
April 24 — Iranian Vice President Ismail Saghapour Esfahani said Wednesday that Iran will retaliate strongly against any attack on its energy facilities, warning Tehran’s response will escalate and go beyond “an eye for an eye” if enemies miscalculate again.
Speaking at a gathering in Eslamshahr, Iran, Esfahani noted that targeting any Iranian oil well would prompt Iran to strike the oil fields of the attacking country on its own territory.
He also assured the public that Iran is fully prepared to maintain energy supplies, with finalized arrangements in the energy and power sectors to allay concerns.
(CCTV News)
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Glassnode: Whale Activity on Hyperliquid Shows Ongoing Accumulation, Believes Bitcoin Will Break Out of Range
April 24 — Glassnode data reveals a whale on the Hyperliquid platform continues to build long positions, wagering Bitcoin will break out of its consolidation range.
Over the past two months, the whale’s confidence and long exposure have steadily risen, signaling strong bullish sentiment among major perpetual contract traders.
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Willy Woo: Bitcoin's Trajectory Closer to Nasdaq, or Still a Decade Away from Being Recognized as a Safe Haven Asset
April 24 — Cryptocurrency analyst Willy Woo noted that while most Bitcoin holders view BTC as a safe-haven asset, the reality is more nuanced.
Bitcoin does have safe-haven traits: it can cross borders, be restored via a mnemonic phrase amid conflict, is theoretically independent of the traditional financial system, and may benefit if that system collapses.
However, during periods of uncertainty or war, Bitcoin’s trading behavior acts more like a risk asset and is highly sensitive to market sentiment. Large funds haven’t fully recognized its safe-haven credentials—dismissing it as too new and lacking long-term validation—so its price moves closely with the Nasdaq.
Woo believes Bitcoin may need 10 years or longer to gain widespread market acceptance as a safe haven. If that milestone is reached, its market capitalization could rival gold’s.
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Publishing quarterly reports may become optional, but analysts expect the vast majority of US companies to continue releasing earnings reports on a quarterly basis.
On April 24th:
Last year, former President Trump revived a plan to shift businesses from quarterly to semi-annual earnings reports. The SEC is reportedly poised to formally solicit public input on a proposal to scrap the quarterly reporting mandate.
Yet investors and market participants note the overwhelming majority of companies are unlikely to embrace the shift, as it could hurt valuations.
Sam Reynolds, macro strategist at WisdomTree Asset Management, notes any company adopting the change would likely catch active investment managers’ attention—facing potential divestment, portfolio removal, or a valuation reevaluation. JPMorgan Chase backs the proposal but says it will keep providing quarterly guidance via analyst and investor conference calls.
Mike Reynolds, deputy chief investment officer at Glenmede Asset & Wealth Management, expects the overwhelming majority of companies will keep reporting quarterly. (FXStreet)
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