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Intel Stock Rallies on Musk’s Potential Partnership Comments

Intel Stock Rallies on Musk’s Potential Partnership Comments

Author:

Global Cryptocurrency

Published:

2025-11-08 09:17:02

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BTCCSquare news:

Intel shares surged more than 2% in premarket trading Friday after Elon Musk hinted at a possible collaboration with the chipmaker for Tesla's AI chip production. The Tesla CEO suggested Intel could help meet the growing demand for fifth-generation autonomous driving chips, though no formal agreement has been reached.

Musk's remarks at Tesla's annual shareholder meeting sent Intel's stock up 4% in after-hours trading Thursday. The electric vehicle giant currently relies on TSMC and Samsung, but volume constraints may necessitate a new manufacturing partner. Intel has yet to comment publicly on the potential partnership.

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