Intel stock rises sharply on April 8, 2026 following announcement of partnership with Elon Musk's Terafab AI chip initiative.

Intel joins Elon Musk's Terafab project, a collaborative effort to develop advanced AI chips

The partnership signals Intel's strategic pivot toward AI infrastructure and semiconductor manufacturing

Investors respond positively, viewing the deal as a major opportunity for Intel's foundry business expansion

The collaboration positions Intel to compete more effectively in the growing AI chip market alongside other major players