9m ago
Why Is Intel (INTC) Stock Up Today? Musk’s Terafab Deal and $14.2B Ireland Fab Buyback Spark 11.4% Rally
Intel Corp (INTC) shares surged on April 8, 2026, closing up 11.42% at $58.95. The rally continued a historic six-session hot streak, with the stock reaching its highest price levels since April 2021. The primary driver is a monumental strategic alliance with Elon Musk’s Terafab project, combined with a multi-billion dollar move to reclaim full ownership of its high-margin Irish manufacturing capacity.