Not Tesla. Not Nvidia. Elon Musk’s Chip Ambitions Could Supercharge This Artificial Intelligence (AI) Stock.
Elon Musk has his eyes set on something that even the world’s largest technology companies have struggled to accomplish: Manufacture advanced artificial intelligence (AI) chips at an unprecedented scale. Surprisingly, Intel (NASDAQ: INTC) could emerge as one of the biggest beneficiaries of this vision.
Musk’s Terafab project brings together Tesla (NASDAQ: TSLA) and Space Exploration Technologies (NASDAQ: SPCX) in an effort to reduce outside dependence on semiconductor manufacturing. For a company trying to turn around its foundry leadership, investors may be underestimating how this could transform Intel in the AI infrastructure era.
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