- Intel shares rose as Musk confirmed TSMC will not own or operate the Terafab AI chip complex in Texas.
- Intel announced a deepened collaboration with Applied Materials to co-develop next-generation transistor, interconnect, and advanced packaging technologies for AI applications.
- Mizuho raised its Intel price target from $92 to $114.
- Fool reports Musk also confirmed TSMC is being considered for Terafab, which it frames as a risk to Intel's foundry growth and its exclusive partnership position.
- Fool notes Intel's run-up in share price and high valuation leave the stock exposed to the Terafab setback.