Intel Stock Drops as Elon Musk Signals a Setback for the Chip Maker
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5 Articles
Intel's stock price fell by over 2% for two consecutive days after SpaceX and Tesla CEO Elon Musk revealed that he is discussing TSMC's participation in his semiconductor project, 'TerraFab.' On October 4 (local time), Musk wrote on his social media platform, X, "It is just at the discussion stage. But something could come out." This was a direct response from Musk to a post by a Taiwanese semiconductor journalist stating that TSMC was reviewin…
Intel's share falls by three percent after Elon Musk suggested a possible collaboration between TSMC and its Terafab project.
Wall Street is expected to open near zero on Monday. However, there is some drama going on under the surface: Intel falls 3.5 percent in pre-market trading and PTC surges almost 36 percent ahead of a trading day where individual stocks set the agenda. S&P 500 futures are quoted at basically unchanged and Nasdaq 100 futures retreat 0.23 percent. The numbers signal calm but hide the strong movements that actually shape the day. TSMC challenges Int…
Chip giant Intel fell just over 4 percent in Monday's US pre-market trading. The drop comes after Elon Musk confirmed discussions with competitor TSMC in a post on X.
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