TradingKey – On October 9 ET, Intel (INTC) closed down 2.22% at $104.70, with an intraday range of $104.00–$108.38.

As of that day’s close, INTC had fallen over 12% cumulatively over the past five trading days. During this period, the market focused on TSMC’s potential involvement in the Terafab project and the impact of reports regarding OpenAI’s revenue outlook on the AI chip sector.

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Musk previously stated that he was discussing potential Terafab cooperation with TSMC (TSM), but the two sides have not yet announced a formal agreement. The news sparked market concerns over Intel’s role in the project.

Subsequently, Intel CEO Lip-Bu Tan stated that the company would continue to participate in Terafab. Musk said his project…