INTC Continuing SPCX Terafab Involvement, Pushes Stock Higher Amid Tech Weakness

Intel (INTC) CEO Lip-Bu Tan told reporters that the company will continue its involvement with SpaceX's (SPCX) Terafab project. The headline pushed shares of Intel higher while TSMC (TSM) slid. Alex Coffey discusses ways the development pushes back investor fears surrounding Intel and how the partnership plays a role in the greater AI trade. Scott Bauer of Prosper Trading Academy offers an example options trade for Intel.

Morning Trade Live

07 Oct 2026

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