Intel shares rose 9% Tuesday as higher expected CPU prices, progress at Intel Foundry and reduced concern about a potential U.S. government stake sale strengthened the turnaround narrative. DigiTimes reported that Intel is preparing to raise CPU prices in October, while Intel and ASML said the chipmaker is already using High NA EUV lithography in high-volume manufacturing, with more than 1 million wafers processed. The technology is performing well on Intel’s 18A process as the company moves toward the more advanced 14A process. Jim Cramer said President Donald Trump’s weekend comments made a near-term sale of the government’s 10% Intel stake appear less likely. Intel shares remain above the $95 price of its recent equity offering and the level at which CEO Lip-Bu Tan bought shares. Cramer’s Charitable Trust remains long Intel, with a buy-equivalent rating of 1 and a $140 price target, despite the stock’s decline from around $140 on June 22 after pressure on semiconductor stocks linked to forced selling during the unwind of AI-focused fund Situational Awareness.