INTC is trading at $68.07 (+4.3%), outperforming the broader market during Thursday's session following significant positive catalysts.
- Tesla Partnership: CEO Elon Musk announced that Tesla plans to use Intel's next-generation 14A manufacturing process for its Terafab AI chip project, making Tesla its first major customer for the new technology.
- Anticipation of Earnings: The company is also scheduled to report its Q1 2026 earnings after the market closes today, with investors watching closely for updates on its AI chip roadmap and manufacturing progress.
- The stock is bucking a downward trend in major indices, with the S&P 500 down 0.14% and the NASDAQ falling 0.36%.