While the company has mostly played the role of the aging laggard in the artificial intelligence (AI) boom, this week's developments were a reminder that the stock has a number of assets that are arguably undervalued. According to data from S&P Global Market Intelligence, the stock was up 26% for the week as of Thursday's close.

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.

Intel (INTC) early Friday was on track to notch its best weeklong stretch in nearly 40 years before the rally sputtered. Shares slid 2% Friday. That still had the stock up 23.6% since the start of the week—a solid return,