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Stock Market Today, April 7: Intel Rallies as it Joins Musk's Terafab Project

Apr 07, 2026 22:23 UTC

On April 7, 2026, investors weighed a bold AI chip alliance and broader strategic moves reshaping this chipmaker’s trajectory..

  • Intel(INTC+4
  • 20%), which designs and manufactures CPUs, GPUs, and related computing products, closed Tuesday at $52
  • 91, up 4

Intel(INTC+4.20%), which designs and manufactures CPUs, GPUs, and related computing products, closed Tuesday at $52.91, up 4.19%. The stock moved higher on news that Intel will be part of Elon Musk’s Terafab AI chip complex, another sign of renewed confidence in the firm. Trading volume reached 124.8 million shares, coming in nearly 16% above its three-month average of 107.5 million shares. Intel IPO'd in 1971 and has grown 16,154% since going public. TheS&P 500(^GSPC+0.08%)inched up 0.08% to 6,617, while theNasdaqComposite(^IXIC+0.10%)added 0.10% to finish at 22,018. In the semiconductor indu

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