On October 5, GraniteShares 2X Long INTC Daily ETF declined 8.18% in pre-market trading, trading at $28.35/share with Turnover of $3.806 million.
Market concerns emerged regarding Terafab project discussions with TSMC potentially diluting Intel's role as project partner. Elon Musk responded on October 3 that discussions are preliminary, but uncertainty about Intel maintaining its dominant position has escalated. The Terafab project aims to consolidate advanced semiconductor manufacturing capabilities.