Shares of foundry, fabricator and IDM chip companies are trading lower as investor concerns over Fed rate hikes and higher bond yields affect growth-oriented stocks that rely on demand from highly leveraged customers.

Intel CEO Lip-Bu Tan Says Company Will Keep Working on Terafab — Elon Musk Confirms TSMC May Only Sublease Part of the Fab, Not Own It

Intel Corp. would reportedly continue working with Elon Musk on Terafab, stated CEO Lip-Bu Tan.

Jim Cramer Sees More AI Upside Ahead for Meta, Microsoft and AMD Despite Bubble Fears: ‘They Were Going to Figure Something Out’

Jim Cramer said that investors seeking exposure to the AI boom could look to major technology companies that have several avenues to gain from AI.

'Intel to Keep Working on Elon Musk’s Terafab Chipmaking Venture' - Bloomberg

https://www.bloomberg.com/news/articles/2026-10-07/intel-to-keep-working-on-elon-musk-s-terafab-chipmaking-venture

Marvell Stock Rallies as Investor Day Targets Smash Wall Street Estimates

Marvell investor day lifts fiscal 2028 revenue goal to $20B, the fifth raise in a year, and sets a $70B-$90B 2031 target. MRVL jumps 7%.

Shares of Shares of semiconductor and chip-related companies are trading higher after Marvell's comments and sales targets at its investor day and AMD CEO Lisa Su's comments regarding high demand, both of which bolster confidence in the sector.

Shares of semiconductor and chip companies are trading higher after Micron Technology's strong Q4 financial results and guidance demonstrated growing demand. The sector may be reflecting traders' bullish position in South Korea's KOSPI and Japan's Nikkei.