Stocks & indices
Intel stock drops after Musk hints at another chip partner
Intel shares fell after Elon Musk hinted that besides Intel, another company may join the Terafab chip manufacturing project, with discussions underway with TSMC.
This suggests Intel may not be the only semiconductor company tapped to help with manufacturing for the project.
For beginners When a company risks losing exclusivity in a major contract, investors lower their estimate of its future revenue from that deal, which shows up in the share price.