Intel is trading 3.55% down now at $23.64 as investors remain concerned about Elon Musk’s discussions with TSMC regarding a possible Terafab role.
- CEO Lip-Bu Tan said Intel will continue working on the project; Bloomberg reported the talks have hurt investor sentiment.
- The S&P 500, Nasdaq and Dow were lower as investors watched rising Treasury yields and oil-related risks and awaited Federal Reserve minutes.
- Volume data was unavailable.