BUZZ - Reports claim Intel is still involved in Elon Musk's Terafab project, prompting a surge in its stock price
路透社2026/10/07 11:16Latest update October 7 - Chipmaker Intel (INTC.O) shares rose 0.84% to $113.45 in premarket trading, attempting a rebound after four consecutive days of decline. Intel (INTC) CEO Pat Gelsinger told Bloomberg (link) the company will continue to advance Elon Musk's Terafab chip manufacturing (link) project. The report was released just days after Musk said TSMC 2330.TW and Terafab had discussed potential collaboration (link). Terafab is Elon Musk’s planned chip manufacturing plant (link), aiming to produce AI chips for Tesla TSLA.O and SpaceX SPCX.O. Last Saturday, Musk said that discussions were still at a preliminary stage and added that there may be results. However, on Wednesday he stated that TSMC (link) would not operate the Terafab AI chip production facility. Intel and Tesla did not immediately respond to Reuters' request for comment outside regular business hours. As of the close of the previous trading day, Intel (INTC) shares had more than tripled year to date. The stock dropped a total of 6.4% over the last four trading sessions. Meanwhile, shares of other major chipmakers declined, with Nvidia NVDA.O and AMD AMD.O dropping 0.6% and 1.8%, respectively. (For the convenience of non-English speakers, Reuters automates the translation of its reports into several other languages. As automated translations may contain errors or lack required context, Reuters does not guarantee the accuracy of automated translated texts. Automated translations are provided solely to assist readers. Reuters does not accept any liability for damage or loss resulting from the use of automated translation services.)
Latest Updates
October 7 - ** Chip maker Intel (INTC.O) shares rose 0.84% in pre-market trading to $113.45, attempting a rebound after four consecutive days of declines
**Intel (INTC) CEO Patrick P. Gelsinger told Bloomberg (link) that the company will continue pushing ahead with Elon Musk's Terafab chip manufacturing (link) project
** This report comes just days after Musk said TSMC 2330.TW and Terafab had discussed potential cooperation (link)
** Terafab is Elon Musk's planned chip factory (link), aimed at producing AI chips for Tesla TSLA.O and SpaceX SPCX.O
** Last Saturday, Musk said discussions were still at a preliminary stage and added that there may be outcomes
** However, on Wednesday he stated that TSMC (link) will not operate the Terafab AI chip production facility
** Intel and Tesla did not immediately respond to Reuters’ requests for comment outside normal business hours
** As of the close of the previous trading day, Intel (INTC) shares have more than tripled so far this year
** The stock has dropped a cumulative 6.4% over the past four trading days
** Meanwhile, shares of other major chipmakers fell, with Nvidia NVDA.O and AMD AMD.O down 0.6% and 1.8% respectively
(To assist non-English speakers, Reuters has automated the translation of its reports into several other languages. As automated translations may contain errors or fail to include the necessary context, Reuters does not guarantee the accuracy of the automated translation text. The automated translations are provided solely for the convenience of readers. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation features.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI data center demand surges, Lumentum (LITE.US) optical component orders booked until 2029
As technology companies race to build high-speed AI data centers, Lumentum's (LITE.US) optical components are nearly "sold out," with orders scheduled through early 2029.
After Amazon and OpenAI, Synopsys (SNPS.US) also "looks to the East": plans to explore cooperation with Chinese AI laboratories on chip design technology
Global chip design software development leader Synopsys (SNPS.US) plans to explore cooperation with Chinese AI laboratories to improve the chip design process.
KBW's Michaud Explains What to Expect from a Pressured Q3 Bank Earnings Season
BUZZ - Morningstar expects Woodside's revenue growth will outpace global peers by the end of this decade
On October 9, Morningstar predicted that the revenue of Australian oil and gas producer Woodside Energy (WDS.AX) will grow by over 30% by 2030, outpacing any of its international peers. Woodside Energy’s share price dropped by 0.6% on the day to 32.12 AUD, after surging 2.6% in the previous trading session. The stock is poised to end a three-week losing streak, with oil prices rising due to escalating tensions in the Middle East, and is set for a 2.8% weekly gain O/R. Morningstar expects Woodside’s revenue to increase as major new projects come online, and forecasts free cash flow to exceed 7 billion USD after 2030, reflecting a 300% rise from 2025. The report added that market sentiment remains bearish, with the current share price below its estimated fair value of 44.00 AUD. Year-to-date, Woodside’s share price has risen 36.2%, while Santos shares are up 41.3%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several languages. Since automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for the convenience of readers. Reuters accepts no liability for any loss or damage arising from your use of automated translation functions.)
Crypto prices
More
