Intel Joins Tesla’s Terafab AI Chip Project as Five ETFs Enter Top Buys
Schwab Trading activity index fell 2% in March versus a 7.5% market drop, with five ETFs cracking the top 10 buy list while investors also scooped up oversold large caps such as Tesla. Intel will collaborate on Tesla’s Terafab project in Texas to deliver 1 TW/year of compute capacity for AI and robotics.
1. ETF Diversification Trends
Trading activity data show the Schwab Trading activity index declined 2% in March compared with a 7.5% drop in the broader market, but there was no wholesale de-risking. Instead, five ETFs entered the top 10 buy list and investors purchased oversold large caps such as Tesla, viewing them as core holdings at discounted levels.
2. Intel Joins Terafab AI Chip Initiative
Intel is set to partner with Tesla and SpaceX on the Terafab project, aiming to build two advanced chip fabrication plants in Austin, Texas. One facility will focus on supplying chips for electric vehicles and humanoid robots, while the other will support AI data centers, targeting a combined 1 TW/year of compute output to power future AI and robotics applications.