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Intel (INTC) is shaping up to be one of the most exciting comebacks ever seen in the market. News of Elon Musk saying Tesla (TSLA) and SpaceX are set to use Intel's next generation 14A process for Terafab — an ambitious AI semiconductor manufacturing program — recently sent shares of INTC stock higher.
This is a huge win for the bulls, as the case for INTC stock had changed completely from "legacy CPU recovery" to a much more ambitious goal surround whether or not Intel's foundry business could once again become strategically significant. First-quarter 2026 results further cemented investors' belief that Intel is well on track to do so with the help of solid CPU demand in the age of artificial intelligecne (AI).