Intel Stock Is Falling Thursday: What's Going On?
Intel (INTC) stock slips ~2% amid tech sell-off. CEO Lip-Bu Tan confirms Musk Terafab partnership remains active.
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Intel stock climbed premarket as the chipmaker unveiled its new Diamond Rapids, Crescent Island, and Wildcat Lake processors to target expanding AI workloads.
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Intel (INTC) stock slips ~2% amid tech sell-off. CEO Lip-Bu Tan confirms Musk Terafab partnership remains active.
Elon Musk confirmed that TSMC is in talks with Terafab alongside Intel, threatening Intel's position as the exclusive chip manufacturing partner for SpaceX and Tesla's joint venture. This development casts doubt on Intel's ability to meet Terafab's needs and could significantly impact Intel's foundry business growth, despite the company's recent stock rally and accelerated 14A production timeline.
The article compares two early-stage, unprofitable tech companies: BigBear.ai, which provides AI solutions to U.S. government agencies, and IonQ, a quantum computing pioneer. BigBear.ai faces declining revenue and dangerous customer concentration (51% from customers over 10%), while IonQ shows triple-digit revenue growth but massive cash burn. The author recommends IonQ for patient investors due to its more diversified customer base and expanding commercial opportunities, despite both being speculative bets.
Intel Corp (NASDAQ:INTC) shares are trending Wednesday. CEO Lip-Bu Tan said the company will remain a part of Elon Musk's Terafab project.
Jim Cramer states that the technology sell-off is stemming from rising oil futures, which investors are leveraging to sell semiconductors.
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