Intel shares jump 9.5% to near 5-year high after company joins Elon Musk’s Terafab project
The demand for Intel shares spiked on Wednesday, 8 April, with the stock gaining 9.5% to hit an intraday high of $57.92 apiece, extending its winning streak to a sixth consecutive trading session. The stock was last seen around these levels in June 2021.
Apart from the optimism surrounding the Middle East ceasefire, the rally was supported by the company’s entry into Elon Musk’s Terafab initiative—a project that could reshape how advanced chips are developed across Tesla Inc.
