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INTC shares unexpectedly rallied by 3.90% — signaling that the processor giant’s fortunes could be starting to change.

Intel stock is falling today amid concerns that the company might not get funding that it's slated to receive as part of the CHIPS Act. In particular, recent reports appear to have investors worried that the company may not move ahead with the planned construction of a semiconductor fabrication plant in Ohio.

Intel (NASDAQ: INTC) stock is seeing significant gains in Wednesday's trading. The semiconductor company's share price was up 3.5% as of 2:15 p.m. ET and had been up as much as 3.8% earlier in the daily sessions.