Elon Musk and Intel's CEO have said the company's involvement in the Terafab chip plant will continue, boosting shares.
The chip maker has fallen around 6% so far this week after Musk signaled TSMC may become involved in the SpaceX-Tesla chip project.
After years of losses and stumbles, Intel has strung together seven consecutive quarters of beating its own expectations, and the gap between its bull and bear cases now spans nearly $40 per share.
The latest trading day saw Intel (INTC) settling at $116.19, representing a -2.63% change from its previous close.
Intel shares INTC slipped on Monday after Elon Musk confirmed that Taiwan Semiconductor Manufacturing Co. could participate in his ambitious Terafab chip-making project, raising concerns that the US chipmaker could face competition in a venture that has helped drive its stock sharply higher this year. Intel shares fell about 2% in morning trading, while TSMC's US-listed shares gained 1.4%.
A weekend comment about a Texas chip venture is testing the most visible outside endorsement of Intel‘s (NASDAQ:INTC | INTC Price Prediction) foundry turnaround. Intel stock is at $114.
Intel shares are taking a hit on Monday after a report that TSMC may help with Elon Musk's Teraweb factory.
Qualcomm advances after a licensing deal with Huawei, while Intel slips on talks between rival TSMC and Elon Musk's Terafab.
Germany is at risk of entering a violent conflict with Russia as Moscow steps up an increasingly aggressive "shadow war" against European democracies, the head of Germany's foreign intelligence service warned on Monday.
In late September 2016, Intel's market value was around 28 times as big as AMD's. Mercury Research estimates AMD sold 34.5% of x86 server processors in the second quarter of 2026, up from 3.2% in late 2018.
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INTC's 222% surge reflects AI momentum, stronger manufacturing execution and rising estimates, though margin and China risks persist.