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Why Is Intel (INTC) Stock Up Today? Musk’s Terafab Deal and $14.2B Ireland Fab Buyback Spark 11.4% Rally
Intel Corp (INTC) shares surged on April 8, 2026, closing up 11.42% at $58.95. The rally continued a historic six-session hot streak, with the stock reaching its highest price levels since April 2021. The primary driver is a monumental strategic alliance with Elon Musk’s Terafab project, combined with a multi-billion dollar move to reclaim full ownership of its high-margin Irish manufacturing capacity.
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Mike McGlone sees a stablecoin-led 'flippening' as USDT targets Ethereum and Bitcoin
On April 7, 2026, Bloomberg Intelligence strategist Mike McGlone said stablecoins could drive a major 'flippening,' with Tether's AUM potentially surpassing Ethereum in 2026 and later Bitcoin. He also warned Bitcoin may revisit much lower levels, citing a possible move toward $10,000 by 2026 and arguing that broad risk-market weakness and higher volatility could pressure crypto prices.
BTC
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