Stock Market Today, April 7: Intel Rallies as it Joins Musk's Terafab Project

By Emma Newbery – Apr 7, 2026 at 6:03PM ESTExpandNASDAQ: INTCIntelToday's Change(4.13%) $2.10Current Price$52.88Key Data PointsMarket Cap$254BDay's Range$51.22 - $53.2752wk Range$17.66 - $54.60Volume4MAvg Vol108MGross Margin35.24%Intel (INTC +4.13%), which designs and manufactures CPUs, GPUs, and related computing products, closed Tuesday at $52.91, up 4.19%. The stock moved higher on news that Intel will be part of Elon Musk’s Terafab AI chip complex, another sign of renewed confidence in the firm. Trading volume reached 124.8 million shares, coming in nearly 16% above its three-month average of 107.5 million shares. Intel IPO'd in 1971 and has grown 16,154% since going public.How the markets moved todayThe S&P 500 (^GSPC +0.08%) inched up 0.08% to 6,617, while the Nasdaq Composite (^IXIC +0.10%) added 0.10% to finish at 22,018. In the semiconductor industry, Advanced Micro Devices (AMD +0.45%) closed up 0.61% at $221.53, and Nvidia (NVDA +0.07%) gaining 0.26% to end at $178.10 as geopolitical tensions spurred continued investor caution. What this means for investorsIntel soared today after it announced it would participate in Elon Musk’s Terafab project, helping build high-performance chips for SpaceX, xAI, and Tesla (TSLA 1.75%). Terafab represents an ambitious plan for a massive chip factory.Last week, Intel said it would buy back its stake in its Ireland-based semiconductor factory, another sign of momentum. It puts the firm in a stronger position to benefit from growing chip demand. For Intel, these are further signals that Intel’s turnaround efforts are paying off. The stock has gained over 40% in the past six months as CEO Lip-Bu Tan, appointed just over a year ago, cuts costs and builds partnerships to try to re-establish the firm as a leading chipmaker. Read NextApr 7, 2026 •By Keith NoonanIntel Is Teaming Up with SpaceX, Tesla, and xAI: Is This a Game Changer?Apr 4, 2026 •By Joe TenebrusoWhy Intel Stock Surged This WeekApr 3, 2026 •By Parkev Tatevosian, CFAMassive News for Intel Stock InvestorsApr 2, 2026 •By Eric TrieStock Market Today, April 2: Intel Rises on $14.2 Billion Fab 34 Stake RepurchaseApr 2, 2026 •By Billy DubersteinHere's Why Intel Stock Is a Buy Before EarningsApr 1, 2026 •By Joe TenebrusoWhy Intel Stock Popped TodayAbout the AuthorEmma Newberry is a contributing Motley Fool cryptocurrency analyst covering digital currencies and blockchain trends. She previously wrote for Motley Fool Money (formerly The Ascent) on personal finance, investing, retirement readiness, and crypto. Earlier in her career, Emma founded an English-language newspaper in Colombia and contributed to Olympic city bid campaigns. She holds a bachelor’s degree in English literature with creative writing from the University of East Anglia in the UK.TMFemmanewberyStocks MentionedIntelNASDAQ: INTC$52.88(+4.13%)+$2.10Advanced Micro DevicesNASDAQ: AMD$221.17(+0.45%)+$0.99NvidiaNASDAQ: NVDA$177.77(+0.07%)+$0.13*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.