INTC
NVDA
SPCX
TSLA
The rumor mill got a reality check
Jim Cramer hopped on X to swat away the idea that Elon Musk was ditching Intel for TSMC on the Terafab project. His message: the “Intel exit” chatter is squashed, and the bigger story is the pile of AI spending Musk is allegedly aiming at Nvidia.
What Terafab is, in plain English
Terafab is the sort of project that sounds like it was named by a committee in a sci-fi bunker: Intel says it’s working with Musk’s orbit of companies on a Texas-based fab designed to crank out one terawatt of computing capacity a year for AI and robotics. Musk then piled on, saying they’ll “build and run the fab” and that any TSMC role would be more like a side room than the main stage.
Why investors should care
If Intel really keeps its seat at this table, it’s not just a branding win — it’s a potential pipeline of serious manufacturing business. The stock barely blinked in premarket, but the bigger signal is that Intel is still trying to sell investors on a comeback story built on advanced chips, packaging, and mega-projects.
- Intel says the partnership is still intact
- Musk says the fab stays under his control
- Cramer says the market is too busy staring at the Kospi to notice the AI cash pile
Big picture
This is less about one TV host’s hot take and more about the kind of AI infrastructure deal that can move needles for years, not days. If Intel can actually turn Terafab into real revenue, then today’s rumor fight may age like a very expensive milkshake.