BUZZ - Reports claim Intel is still involved in Elon Musk's Terafab project, prompting a surge in its stock price
路透社2026/10/07 11:16Latest update October 7 - Chipmaker Intel (INTC.O) shares rose 0.84% to $113.45 in premarket trading, attempting a rebound after four consecutive days of decline. Intel (INTC) CEO Pat Gelsinger told Bloomberg (link) the company will continue to advance Elon Musk's Terafab chip manufacturing (link) project. The report was released just days after Musk said TSMC 2330.TW and Terafab had discussed potential collaboration (link). Terafab is Elon Musk’s planned chip manufacturing plant (link), aiming to produce AI chips for Tesla TSLA.O and SpaceX SPCX.O. Last Saturday, Musk said that discussions were still at a preliminary stage and added that there may be results. However, on Wednesday he stated that TSMC (link) would not operate the Terafab AI chip production facility. Intel and Tesla did not immediately respond to Reuters' request for comment outside regular business hours. As of the close of the previous trading day, Intel (INTC) shares had more than tripled year to date. The stock dropped a total of 6.4% over the last four trading sessions. Meanwhile, shares of other major chipmakers declined, with Nvidia NVDA.O and AMD AMD.O dropping 0.6% and 1.8%, respectively. (For the convenience of non-English speakers, Reuters automates the translation of its reports into several other languages. As automated translations may contain errors or lack required context, Reuters does not guarantee the accuracy of automated translated texts. Automated translations are provided solely to assist readers. Reuters does not accept any liability for damage or loss resulting from the use of automated translation services.)
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October 7 - ** Chip maker Intel (INTC.O) shares rose 0.84% in pre-market trading to $113.45, attempting a rebound after four consecutive days of declines
**Intel (INTC) CEO Patrick P. Gelsinger told Bloomberg (link) that the company will continue pushing ahead with Elon Musk's Terafab chip manufacturing (link) project
** This report comes just days after Musk said TSMC 2330.TW and Terafab had discussed potential cooperation (link)
** Terafab is Elon Musk's planned chip factory (link), aimed at producing AI chips for Tesla TSLA.O and SpaceX SPCX.O
** Last Saturday, Musk said discussions were still at a preliminary stage and added that there may be outcomes
** However, on Wednesday he stated that TSMC (link) will not operate the Terafab AI chip production facility
** Intel and Tesla did not immediately respond to Reuters’ requests for comment outside normal business hours
** As of the close of the previous trading day, Intel (INTC) shares have more than tripled so far this year
** The stock has dropped a cumulative 6.4% over the past four trading days
** Meanwhile, shares of other major chipmakers fell, with Nvidia NVDA.O and AMD AMD.O down 0.6% and 1.8% respectively
(To assist non-English speakers, Reuters has automated the translation of its reports into several other languages. As automated translations may contain errors or fail to include the necessary context, Reuters does not guarantee the accuracy of the automated translation text. The automated translations are provided solely for the convenience of readers. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation features.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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BUZZ - Citi upgrades XPO rating to "Buy" due to increased market share and strong pricing power
October 7 - Citigroup has upgraded logistics company XPO (XPO.N) from “Neutral” to “Buy,” and raised its target price to $224, indicating an upside potential of about 22% from the previous trading day’s closing price. The brokerage stated that the upgrade was made after the stock declined from the $230 range to its current level of $183 per share. It also added that the recent broad pullback in the transportation sector has created a "more favorable risk-reward setup" for the third-quarter earnings season. Citigroup noted, "Notably, XPO has been particularly optimistic about its Q3 earnings, expecting an opportunity to gain market share and maintain pricing power." Among 26 brokerages, 19 rate the stock "Buy" or above, 6 rate it "Hold," and 1 rates it "Sell"; the median target price is $238 according to data compiled by the London Stock Exchange Group (LSEG). As of yesterday’s close, the stock had risen 35% year-to-date.
