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Rising Treasury yields and surging oil prices are hammering chip stocks, but Intel is falling harder than NVIDIA and AMD combined, and a looming question about its role in Elon Musk's Terafab project may be making things worse.
Chip stocks slipped in morning trading Thursday as higher Treasury yields and a jump in oil prices weighed on technology shares. Intel (INTC) fell about 3%, while Nvidia (NVDA) declined around 1% and Advanced Micro Devices (AMD) lost roughly 2%.Brent crude climbed above $104 a barrel, while the 10…
Google may become a major AI chipmaker, and there are some clear winners from that development.