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Arnne Carragie

Intel (INTC) Q1 2026 Earnings: Tesla Partnership Sparks Rally Despite Underwhelming Financials

Intel Corporation (NASDAQ: INTC) shares climbed over 3% in after-hours trading on April 22, 2026, following a transformative announcement by Elon Musk. While the market awaits the official Q1 earnings release on Thursday, the news that Tesla has selected Intel’s next-generation 14A process for its Terafab AI chip project has significantly shifted the investment narrative from fundamental struggles to future foundry potential.