Intel stock was up 2.2% as of 3:15 p.m. ET on April 7, 2026, following the announcement of a groundbreaking partnership with SpaceX, Tesla, and xAI for the ambitious Terafab project.
The stock had previously surged as much as 4.9% earlier in the day, reflecting strong investor interest in the collaboration aimed at producing up to 1 terawatt of compute processing power per year.
As of now, Intel’s market capitalization stands at $254 billion, showcasing the company’s robust position in the tech industry. The day’s trading range for Intel stock fluctuated between $51.22 and $53.27, while the stock’s 52-week range has been between $17.66 and $54.60.
Intel’s gross margin is reported at 35.24%, indicating a healthy profit structure as the company embarks on this new venture.
The partnership with Elon Musk’s companies is expected to significantly impact not only the Terafab project but also the broader landscape of semiconductor manufacturing.
In a statement, Intel emphasized, “Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab’s aim to produce 1 terawatt a year of compute to power future advances in AI and robotics.”
Lip-Bu Tan, a notable figure in the semiconductor industry, remarked, “This is exactly what is needed in semiconductor manufacturing today,” highlighting the urgency and relevance of this collaboration.
As the market reacts to these developments, investors and analysts alike are closely monitoring Intel’s performance and the potential implications of this partnership on the tech sector.
Details remain unconfirmed regarding the long-term effects of this collaboration, but the immediate response from the market indicates a positive outlook for Intel stock.