Intel Stock Rises on Tesla's Plan to Use Its Chip Fabrication Technology and Strong Q1 Results
Intel's stock rose 2.3% on April 23, 2026, driven by news that Tesla plans to use Intel's 14A chip-manufacturing process and better-than-expected Q1 results. The broader market, including the S&P 500 and Nasdaq Composite, declined, but Intel's stock outperformed due to positive developments in its business partnerships and financial performance.
Topics: Chip Manufacturing Intel Q1 Results Stock Performance Tesla