Intel, TeraFab and Elon Musk
Digest more
Intel stock soars on Q1 earnings
Digest more
Intel shares jumped 14% Thursday afternoon as the chipmaker reported sales far above its forecasts and predicted continued strong demand for its products. The stock was trading at $76.25 a share, the highest point in Intel’s history.
The chip maker reported a 7 percent rise to $13.6 billion in its latest quarter, more than $1 billion more than Wall Street expected.
Intel is now officially partnering with Tesla, SpaceX, and xAI on the Terafab project.
An Intel blog post highlighted exciting technology SpaceX may need to use.
Shares in Intel soared on Thursday after it smashed quarterly earnings expectations in what could be a sign that the US chip maker is on a path to recovery.Shares soared more than 15 percent in after-market trades.
Image source: Intel. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » All modern chips put interconnects, which are tiny wires ...