Intel Shares Hold Up as Musk Clarifies SpaceX AI Chip Plans, Cooling Terafab Speculation
Intel stock outperformed a weak semiconductor tape after Elon Musk used social media to clarify SpaceX’s AI chip ambitions and push back on speculation that TSMC would run operations tied to the Terafab project. The remarks helped narrow the market’s focus to execution risk, foundry capacity, and the still-uncertain commercial contours of Musk’s chip strategy. Investors are now weighing whether the chatter around Terafab represents a meaningful long-term demand signal for advanced manufacturing or simply another example of Musk-driven volatility in the chip sector.
