Fellow semiconductor manufacturer GlobalFoundries (GFS) also jumped more than 6% in the session, on the back of Vance's speech at the Paris AI summit.
While the VP's comments boosted these American chipmakers' shares, the specific chips referenced in his statements are not currently produced by either company.
Intel (INTC) recently released its fourth quarter earnings, which beat estimates but offered a tepid read for the first quarter of this year.
Revenue of $14.3bn (£11.5bn) bested expectations of $13.8bn, while earnings per share of $0.13 beat estimates of $0.12. However, Intel (INTC) guided to first quarter revenue of between $11.7bn and $12.7bn, which was just shy of expectations of $12.9bn.
The results come as Intel (INTC) continues its search for a new CEO, following the departure of Pat Gelsinger in December. On Monday, it was revealed that Intel's (INTC) head of AI Justin Hotard was leaving to become CEO of Nokia Oyj (NOKIA.HE), according to an announcement.
Hong Kong-listed shares in Alibaba (9988.HK, BABA) gained more than 8% in Wednesday's session, after it was reported that the Chinese technology company was partnering with Apple (AAPL) to expand the iPhone-maker's AI strategy.
The Information reported that the companies had submitted AI features for approval to China's cyberspace regulator.
Shares in Super Micro closed Tuesday's session more than 9% in the red but then surged more than 8% in pre-market trading on Wednesday, after saying it would meet its filing deadline.
The computer server maker said it expected to submit delayed filings to the US Securities and Exchange Commission (SEC) by the Nasdaq's deadline of 25 February to avoid delisting.
Super Micro said it ""continues to work diligently toward the filing" of its delayed annual and quarterly reports.
The company also released its preliminary second quarter earnings after the bell on Tuesday, though figures missed estimates. Super Micro said it expected to post revenue of $5.6bn to $5.7bn for the second quarter, which fell short of expectations of $5.95bn.
It also cuts its revenue guidance for the 2025 fiscal year to between $23.5bn and $25bn, down from a previous range of $26bn to $30bn.
Shares in ride-hailing company Lyft (LYFT) were down 12.5% in pre-market trading on Wednesday, following the release of its latest earnings.
Lyft (LYFT) posted revenue of $1.55bn for the fourth quarter, which was about in line with estimates of $1.56bn.
For the first quarter, Lyft (LYFT) guided to adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of between $90m and $95m, versus estimates of $93.7m. The company said it expected to see gross bookings coming in between $4.05bn and $4.2bn, which was below expectations of $4.23bn.
Lyft (LYFT) also announced a share buyback programme of up to $500m.
Rohit Kulkarni, managing director at Roth MKM, told Yahoo Finance the disappointment stems from missed bookings during the quarter, with the company also guiding for a soft booking outlook in the first quarter.
He compared Lyft's (LYFT) performance to Uber (UBER), pointing out that the latter is operating at a "larger scale" and "growing faster."
On the London market, shares in Barratt Redrow (BTRW.L) jumped more than 5% on Wednesday morning, after the housebuilder offered a positive outlook and announced it would buy back shares.
Barratt Redrow (BTRW.L) said that for the first half of the year adjusted profit before tax came in at £167.1m ($207.9m) – after the £50.4m impact of purchase price allocation (PPA) was deducted – up 6% from the £157.1m it posted for the same period last year.
For the year, the recently merged housebuilder said it now expected adjusted profit before tax and before the impact of PPA, to be at the upper end of market expectations.
Barratt Redrow (BTRW.L) also announced it was initiating an ongoing buyback programme of £100m per year, which would begin with a £50m repurchasing in the second half of the year.
Richard Hunter, head of markets at Interactive Investor, said: "There are creases which are yet to be ironed out, but the expected impetus to the new enlarged group following the acquisition of Redrow is already showing some early signs of success.
"Indeed, the group is hoping that it is now at an inflection point, with its confidence in future prospects bolstered by the acquisition, such as providing access to the more affluent market in which Redrow tends to operate."
Other companies in the news on Wednesday 12 February:
