Akcie Intelu v úterý vzrostly o 8 % po zprávě, že od začátku října zvažuje 10% zvýšení cen CPU. Firma tím chce kompenzovat vyšší náklady v dodavatelském řetězci.
Buy Intel (INTC). A reported ~10% CPU price hike signals Intel is prioritizing gross-margin expansion to offset rising supply-chain costs while demand remains strong enough to support higher pricing. The stock already moved +8%, and the analyst framing (margin over share) fits a turnaround phase where pricing discipline can lift earnings even if the PC market softens.
Key Risk: Customers (PC and server OEMs) push back hard and Intel loses volume, forcing price cuts that erase the margin gain.
ASML High NA momentum
Buy ASML (ASML). Intel’s deepening High NA EUV collaboration and >1M wafers processed reinforces that High NA is moving from testing into scalable production. That accelerates adoption across the industry (Samsung DRAM later, TSMC advanced chips later), supporting multi-year demand for ASML’s most valuable lithography systems.
Key Risk: High NA adoption slips (technical yield, throughput, or customer delays), reducing orders and slowing the revenue ramp.
Intel stock surged 8% on Tuesday after a report said that the chipmaker is considering a 10% increase in prices for its central processing units (CPUs) starting in early October.
The potential price increase was reported by Taiwan-based technology publication DigiTimes, which cited unnamed sources.
The move would continue a series of price increases that Intel began at the end of 2025 and would come as the company faces higher supply-chain costs and strong demand for its products.
The reported price increase comes despite expectations that the broader computer market could contract next year.
Citrini analyst Jukan Choe said the move suggests Intel may be placing greater emphasis on expanding gross margins rather than pursuing additional market share.
Intel has faced rising costs for memory chips and other components as demand from artificial intelligence companies has pushed memory prices sharply higher.
In April, the company said those higher costs would reduce the overall PC market by a low double-digit percentage.
The memory price surge has created challenges across the technology sector as manufacturers compete for components needed for AI infrastructure.
For Intel, higher CPU prices could provide a way to offset some of those cost pressures if the company proceeds with the reported increase.
Separately, Intel and Dutch semiconductor equipment maker ASML said they have deepened their multiyear collaboration on High Numerical Aperture Extreme Ultraviolet (High NA EUV) lithography.
Intel said more than 1 million wafers have now been processed using High NA EUV equipment.
The figure includes testing and development work as well as production of certain layers used in its Core Ultra Series 3 processors, known as Panther Lake.
High NA EUV is a next-generation lithography technology designed to allow chipmakers to create smaller and more complex features on semiconductor wafers.
Intel is already using the technology in high-volume production, while Samsung plans to introduce it into DRAM manufacturing by 2028.
Taiwan Semiconductor Manufacturing Co. is expected to use the technology for advanced chips from 2030.
Intel said High NA EUV machines are performing as expected in areas including accuracy, production speed and availability.
It also said chips manufactured using the technology on its 18A process are matching or exceeding the performance of comparable layers produced using ASML’s existing EUV technology.
ASML CEO Christophe Fouquet described Intel as “one of the key leaders of the industry's adoption of High NA,” highlighting its role in bringing the technology into commercial production.
The developments come as analysts point to signs of improvement in Intel’s business.
Northland analyst Gus Richard upgraded Intel to Outperform from Market Perform, citing what he described as “material progress” in the company’s turnaround. He also said Intel could continue benefiting from an ongoing server CPU shortage.
Richard further said Intel’s partnership with Tesla on the Terafab semiconductor initiative could “materially benefit” the company’s foundry business.
Intel’s reported pricing strategy, progress in advanced manufacturing and potential foundry opportunities come as the company attempts to strengthen its financial performance while navigating higher component costs and shifting demand across the semiconductor industry.
Intel ve 2. čtvrtletí zvýšil tržby o 25 % na 16,1 miliardy USD a operační zisk datacentrové a AI divize vzrostl na 2,5 miliardy USD. Akcie ale už podle článku oceňují další silný růst i zlepšení foundry.
Two things at Intel (INTC +9.05%) have nearly quadrupled over the past 12 months. One is the quarterly operating income of the chipmaker's data center business. The other is its stock price, which trades near $96 as of this writing, up from a 52-week low of $24.05 and about a third below the high of $142.35 it set in late June.
The rally has lifted Intel's market value to about $500 billion -- this for a company that lost $11 billion on paper in its most recent quarter. And the price is about 47 times what analysts think the company can earn next year.
The business is improving faster than it has in years. I just don't think it has improved as fast as the price.
Image source: Intel.
The data center business earned the rallyIntel's second-quarter revenue of $16.1 billion was up 25% year over year -- growth CEO Lip-Bu Tan called the company's strongest in more than 15 years.
No part of the company improved more than the data center and artificial intelligence (AI) segment. A year ago, the segment earned $633 million of operating income in a quarter. In the first quarter of 2026, it earned $1.5 billion. And in the second quarter, the figure reached $2.5 billion. Revenue growth is accelerating as well, from 22% in the first quarter to 59% in the second.
Management said the quarter's server growth was the strongest on record. The segment's operating margin, meanwhile, now sits at about 40%.
Companywide, adjusted earnings per share swung from a year-ago loss of $0.10 to a profit of $0.42.
The $11 billion net loss Intel reported for the period, meanwhile, traces to a $12.5 billion noncash charge tied to shares held in escrow for the U.S. government, which took a stake in the company last year. Cash from operations during the quarter was $7 billion.
Is the foundry fixed?Not yet -- but it is losing money more slowly. Intel Foundry's second-quarter revenue grew 31% year over year to $5.8 billion, and it still lost $2.1 billion at the operating line, an improvement from $3.2 billion in the same period last year. First-half losses total $4.5 billion, down from $5.5 billion a year earlier.
Nearly all of that revenue, however, still comes from Intel buying from itself. Customers outside the company accounted for just $293 million in the period, compared with $22 million in the same quarter of 2025. That leaves external sales at less than 2% of Intel's total revenue.
So far, Intel has yet to announce a high-volume outside customer for Intel 14A, its next-generation manufacturing process. The foundry did sign a named customer in July, when cybersecurity specialist Fortinet picked Intel to build its next security chip. But that chip will use an older Intel process, not 14A.
Of course, the spending comes first. David Zinsner, Intel's chief financial officer, said in the second-quarter earnings release that to support expected growth "this year and next across products and foundry, we are meaningfully increasing our investments in equipment, clean room space, and substrates."
Additionally, Intel sold about 242 million new shares at $95 apiece in August, raising about $23 billion. The sale gives Intel a war chest for the build-out, and it puts the share count about 20% above the year-ago average.
The stock is priced ahead of the businessIntel's adjusted earnings per share total $0.71 through two quarters, and management guided to $0.38 for the third. Even with a stronger fourth quarter, 2026 looks likely to land near $1.50 per share. Analysts expect about $2 next year.
Premium Feature
Moneyball Superscore
67/100
Today's Change
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9.05
%) $
8.67
Current Price
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104.47
That works out to 47 times next year's earnings with the stock at about $96. Taiwan Semiconductor Manufacturing (TSM +2.35%), the world's largest chip foundry and arguably the finished version of the business Intel is trying to build, costs about 20 times its expected earnings for next year.
In other words, the market is not paying for what Intel earns today. It is paying for what could happen: the data center segment keeps growing quickly, the foundry approaches breakeven, and outside customers sign on in volume. Each looks more believable after the second quarter. But at this valuation, all three need to happen just to hold the current price.
Ultimately, is Intel stock a buy after a year like that? I don't think so.
Growth could keep accelerating, and the foundry's losses could keep narrowing. The second quarter showed both. But the price already assumes years more of it. If I wanted to own a leading-edge foundry today, I'd rather buy Taiwan Semiconductor at less than half the forward price-to-earnings multiple. As for Intel, I'd wait for a better entry point.
Nykredit A S bought a new position in Intel Corporation (NASDAQ:INTC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,222,470 shares of the chip maker’s stock, valued at approximately $170,693,000.
Other institutional investors have also added to or reduced their stakes in the company. Primecap Management Co. CA purchased a new stake in Intel during the second quarter valued at about $10,507,291,000. Norges Bank purchased a new position in shares of Intel in the 4th quarter worth about $2,233,159,000. Legal & General Group Plc purchased a new position in shares of Intel in the 2nd quarter worth about $4,096,110,000. Capital Research Global Investors increased its position in shares of Intel by 285.9% during the 4th quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock valued at $982,279,000 after purchasing an additional 19,722,010 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Intel by 20.3% during the 4th quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock valued at $3,839,833,000 after purchasing an additional 17,557,147 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.
Intel Stock Performance Shares of INTC stock opened at $95.80 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. Intel Corporation has a fifty-two week low of $24.05 and a fifty-two week high of $142.35. The stock has a 50 day moving average price of $99.73 and a two-hundred day moving average price of $88.55. The company has a market capitalization of $483.22 billion, a P/E ratio of -45.40, a PEG ratio of 10.58 and a beta of 2.22.
Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The firm had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts expect that Intel Corporation will post 1.01 earnings per share for the current year. Intel News Roundup Here are the key news stories impacting Intel this week:
Positive Sentiment: Intel CEO Lip-Bu Tan reportedly purchased approximately $10 million of Intel shares, a vote of confidence in the turnaround. The company’s latest quarter also showed revenue of about $16.1 billion, including strong data-center growth. Intel CEO share purchase and quarterly growth Positive Sentiment: Investors are broadening the AI trade beyond Nvidia. Intel gained alongside AMD as Nvidia lagged during the latest session, suggesting increased interest in alternative beneficiaries of AI infrastructure spending. AMD and Intel outperform Nvidia Positive Sentiment: Intel is positioning itself in enterprise and edge AI through contributions to the Linux Foundation’s TRACE open specification for trusted and verifiable AI workloads. The development could strengthen Intel’s role in secure AI infrastructure. Intel’s trusted AI standards efforts Neutral Sentiment: Some analysts remain bullish after Intel’s more than 140% 2026 rally, with one published target implying substantial additional upside. That optimism supports sentiment, but the size of the rally raises questions about whether expectations are already reflected in the stock. Intel upside forecast Negative Sentiment: A prominent Mizuho analyst lowered or reset Intel’s price target while comparing Intel with Arm. The move may weigh on shares because it signals that the recent rally could have outpaced near-term fundamentals. Analyst downgrades Intel price target Negative Sentiment: Nvidia’s expanding CPU and AI infrastructure strategy presents a competitive threat to Intel in data-center processors. Nvidia’s ecosystem investments, including a reported Intel stake, may support Intel financially but also make the company’s performance increasingly dependent on Nvidia-led demand. Nvidia CPU strategy and Intel competition Negative Sentiment: Intel’s comeback may require substantial capital and shareholder dilution, with one analysis highlighting a potential $23 billion dilution cost. Investors remain focused on whether manufacturing and AI investments can generate sufficient returns to justify that financing. Intel potential dilution analysis Analyst Ratings Changes A number of analysts recently weighed in on INTC shares. Moffett Nathanson downgraded Intel to a “neutral” rating in a research report on Thursday, June 11th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $110.00 price objective on shares of Intel in a research note on Monday, July 27th. Robert W. Baird increased their target price on shares of Intel from $75.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Wall Street Zen lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Stifel Nicolaus decreased their target price on shares of Intel from $120.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $107.01.
Read Our Latest Research Report on Intel
Insiders Place Their Bets In other news, CEO Lip Bu Tan purchased 105,263 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the transaction, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is owned by insiders.
About Intel (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
See Also Five stocks we like better than Intel 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC – Free Report).
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Corient Private Wealth LP bought a new stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,035,665 shares of the chip maker’s stock, valued at approximately $184,007,000. Corient Private Wealth LP owned about 0.06% of Intel at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. iA Global Asset Management Inc. lifted its position in Intel by 17.0% in the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock worth $21,883,000 after buying an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC bought a new position in Intel during the fourth quarter valued at approximately $205,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Intel during the fourth quarter valued at approximately $185,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Intel by 5.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock worth $9,419,000 after acquiring an additional 13,858 shares in the last quarter. Finally, Vestor Capital LLC purchased a new position in shares of Intel during the first quarter worth approximately $9,441,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Intel Price Performance Shares of Intel stock opened at $91.67 on Friday. The company’s fifty day simple moving average is $101.10 and its two-hundred day simple moving average is $87.85. Intel Corporation has a 12-month low of $23.75 and a 12-month high of $142.35. The firm has a market cap of $462.38 billion, a PE ratio of -43.45, a price-to-earnings-growth ratio of 9.94 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.
Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. The firm had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities analysts expect that Intel Corporation will post 1.01 EPS for the current year. Insider Transactions at Intel In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the transaction, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This trade represents a 8.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In INTC has been the subject of a number of research reports. Oppenheimer began coverage on shares of Intel in a research note on Thursday, June 11th. They issued an “outperform” rating for the company. Zacks Research cut shares of Intel from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Roth Capital boosted their price target on shares of Intel from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Jefferies Financial Group began coverage on shares of Intel in a research report on Thursday, June 11th. They set a “buy” rating for the company. Finally, Arete Research raised their price objective on Intel from $20.40 to $99.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-one have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $107.46.
View Our Latest Analysis on Intel
Key Intel News Here are the key news stories impacting Intel this week:
Positive Sentiment: A reported leak suggesting Intel could launch its Nova Lake client processor lineup as early as 2027 provided a potential catalyst. Earlier availability could strengthen Intel’s product roadmap and support a recovery in its PC and data-center businesses. Intel Stock Gains as Nova Lake Launch Schedule Leaks Positive Sentiment: Coverage highlighted Nvidia’s roughly $5 billion investment in Intel, including its purchase of more than 214 million shares at $23.28 each, and the companies’ product collaboration. The large paper gain on Nvidia’s stake reinforces market confidence in Intel’s strategic importance and AI potential, although it does not directly generate new revenue for Intel. Nvidia’s Intel Investment and Partnership Positive Sentiment: Intel’s expanded partnership with Kasm Technologies will run private large language models on Xeon 6 processors with Advanced Matrix Extensions, targeting regulated customers that require local and compliant AI. The deal supports Intel’s strategy of positioning Xeon as infrastructure for enterprise AI workloads. Intel Kasm AI Partnership Neutral Sentiment: Intel recently reported stronger-than-expected quarterly revenue and earnings, with revenue up 25% year over year, while management expects 2026 capital expenditures to exceed $20 billion and spending to rise significantly in 2027. The investment could support future manufacturing and AI growth, but it increases execution and cash-flow demands. Intel’s Five-Year Outlook Neutral Sentiment: A separate report said Intel’s 14A manufacturing process is beginning to demonstrate its strategic value, offering a potential long-term foundry catalyst. However, meaningful financial benefits depend on customer commitments and successful execution. Negative Sentiment: Mizuho analyst Vijay Rakesh cut his Intel price target to $92 from $109 while retaining a Hold rating, arguing that AI strength may not offset near-term business strain. The revised target leaves limited upside based on the referenced trading level. Mizuho Cuts Intel Price Target Negative Sentiment: Intel traded lower in premarket alongside Micron, SanDisk and AMD as semiconductor stocks faced broader sector pressure. Commentary also emphasized AMD’s stronger AI and data-center margin profile, highlighting competitive risks for Intel’s turnaround. Intel Profile (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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Berkshire Capital Holdings ve 2. čtvrtletí otevřela novou pozici v Intelu: 160 840 akcií za zhruba 22,458 mil. USD. Podíl tvoří 4,9 % jejího portfolia a je 10. největší.
Berkshire Capital Holdings Inc. bought a new position in shares of Intel Corporation (NASDAQ:INTC – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 160,840 shares of the chip maker’s stock, valued at approximately $22,458,000. Intel comprises 4.9% of Berkshire Capital Holdings Inc.’s holdings, making the stock its 10th biggest position.
Several other institutional investors also recently bought and sold shares of INTC. Sivia Capital Partners LLC grew its holdings in Intel by 271.7% during the second quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock valued at $766,000 after purchasing an additional 25,001 shares during the last quarter. United Bank acquired a new stake in shares of Intel in the second quarter worth $205,000. Gamco Investors INC. ET AL lifted its stake in shares of Intel by 12.3% in the second quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock worth $308,000 after buying an additional 1,508 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Intel by 29.6% during the 2nd quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock worth $3,545,000 after buying an additional 36,116 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Intel by 9.9% during the 2nd quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock worth $18,556,000 after buying an additional 74,838 shares during the period. 64.53% of the stock is currently owned by institutional investors.
Insiders Place Their Bets In other news, CEO Lip Bu Tan bought 105,263 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. The trade was a 8.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.05% of the company’s stock.
Trending Headlines about Intel Here are the key news stories impacting Intel this week: Positive Sentiment: A reported leak suggesting Intel could launch its Nova Lake client processor lineup as early as 2027 provided a potential catalyst. Earlier availability could strengthen Intel’s product roadmap and support a recovery in its PC and data-center businesses. Intel Stock Gains as Nova Lake Launch Schedule Leaks Positive Sentiment: Coverage highlighted Nvidia’s roughly $5 billion investment in Intel, including its purchase of more than 214 million shares at $23.28 each, and the companies’ product collaboration. The large paper gain on Nvidia’s stake reinforces market confidence in Intel’s strategic importance and AI potential, although it does not directly generate new revenue for Intel. Nvidia’s Intel Investment and Partnership Positive Sentiment: Intel’s expanded partnership with Kasm Technologies will run private large language models on Xeon 6 processors with Advanced Matrix Extensions, targeting regulated customers that require local and compliant AI. The deal supports Intel’s strategy of positioning Xeon as infrastructure for enterprise AI workloads. Intel Kasm AI Partnership Neutral Sentiment: Intel recently reported stronger-than-expected quarterly revenue and earnings, with revenue up 25% year over year, while management expects 2026 capital expenditures to exceed $20 billion and spending to rise significantly in 2027. The investment could support future manufacturing and AI growth, but it increases execution and cash-flow demands. Intel’s Five-Year Outlook Neutral Sentiment: A separate report said Intel’s 14A manufacturing process is beginning to demonstrate its strategic value, offering a potential long-term foundry catalyst. However, meaningful financial benefits depend on customer commitments and successful execution. Negative Sentiment: Mizuho analyst Vijay Rakesh cut his Intel price target to $92 from $109 while retaining a Hold rating, arguing that AI strength may not offset near-term business strain. The revised target leaves limited upside based on the referenced trading level. Mizuho Cuts Intel Price Target Negative Sentiment: Intel traded lower in premarket alongside Micron, SanDisk and AMD as semiconductor stocks faced broader sector pressure. Commentary also emphasized AMD’s stronger AI and data-center margin profile, highlighting competitive risks for Intel’s turnaround. Intel Price Performance NASDAQ:INTC opened at $91.67 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The company has a 50-day moving average of $101.10 and a 200-day moving average of $87.85. The company has a market capitalization of $462.38 billion, a price-to-earnings ratio of -43.45, a PEG ratio of 9.94 and a beta of 2.22. Intel Corporation has a 52 week low of $23.75 and a 52 week high of $142.35.
Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.21. The company had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The company’s revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities research analysts anticipate that Intel Corporation will post 1.01 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades Several brokerages recently commented on INTC. Oppenheimer started coverage on shares of Intel in a report on Thursday, June 11th. They issued an “outperform” rating on the stock. Bank of America lowered their price target on Intel from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Citigroup upgraded Intel from a “positive” rating to a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley boosted their price objective on Intel from $75.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, Daiwa Securities Group downgraded Intel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $107.46.
Check Out Our Latest Research Report on INTC
Intel Profile (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
Read More Five stocks we like better than Intel The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
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Brasada Capital Management LP ve 2. čtvrtletí koupila novou pozici v Intelu o 16 527 akciích za zhruba 2,308 milionu USD. Generální ředitel Lip Bu Tan zároveň nakoupil 105 263 akcií za průměrnou cenu 95,00 USD za kus.
Brasada Capital Management LP bought a new position in shares of Intel Corporation (NASDAQ:INTC – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 16,527 shares of the chip maker’s stock, valued at approximately $2,308,000.
A number of other institutional investors have also added to or reduced their stakes in INTC. iA Global Asset Management Inc. raised its stake in shares of Intel by 17.0% during the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock valued at $21,883,000 after buying an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC purchased a new stake in shares of Intel in the fourth quarter worth about $205,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Intel in the fourth quarter worth about $185,000. Northwestern Mutual Wealth Management Co. grew its holdings in Intel by 5.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock worth $9,419,000 after acquiring an additional 13,858 shares during the period. Finally, Vestor Capital LLC acquired a new stake in Intel during the first quarter worth about $9,441,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Intel Trading Up 1.8% Shares of INTC opened at $91.67 on Friday. Intel Corporation has a 52-week low of $23.75 and a 52-week high of $142.35. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average is $101.10 and its two-hundred day moving average is $87.85. The stock has a market cap of $462.38 billion, a PE ratio of -43.45, a price-to-earnings-growth ratio of 9.94 and a beta of 2.22.
Intel (NASDAQ:INTC – Get Free Report) last issued its earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Research analysts forecast that Intel Corporation will post 1.01 earnings per share for the current fiscal year. Intel News Roundup Here are the key news stories impacting Intel this week:
Positive Sentiment: A reported leak suggesting Intel could launch its Nova Lake client processor lineup as early as 2027 provided a potential catalyst. Earlier availability could strengthen Intel’s product roadmap and support a recovery in its PC and data-center businesses. Intel Stock Gains as Nova Lake Launch Schedule Leaks Positive Sentiment: Coverage highlighted Nvidia’s roughly $5 billion investment in Intel, including its purchase of more than 214 million shares at $23.28 each, and the companies’ product collaboration. The large paper gain on Nvidia’s stake reinforces market confidence in Intel’s strategic importance and AI potential, although it does not directly generate new revenue for Intel. Nvidia’s Intel Investment and Partnership Positive Sentiment: Intel’s expanded partnership with Kasm Technologies will run private large language models on Xeon 6 processors with Advanced Matrix Extensions, targeting regulated customers that require local and compliant AI. The deal supports Intel’s strategy of positioning Xeon as infrastructure for enterprise AI workloads. Intel Kasm AI Partnership Neutral Sentiment: Intel recently reported stronger-than-expected quarterly revenue and earnings, with revenue up 25% year over year, while management expects 2026 capital expenditures to exceed $20 billion and spending to rise significantly in 2027. The investment could support future manufacturing and AI growth, but it increases execution and cash-flow demands. Intel’s Five-Year Outlook Neutral Sentiment: A separate report said Intel’s 14A manufacturing process is beginning to demonstrate its strategic value, offering a potential long-term foundry catalyst. However, meaningful financial benefits depend on customer commitments and successful execution. Negative Sentiment: Mizuho analyst Vijay Rakesh cut his Intel price target to $92 from $109 while retaining a Hold rating, arguing that AI strength may not offset near-term business strain. The revised target leaves limited upside based on the referenced trading level. Mizuho Cuts Intel Price Target Negative Sentiment: Intel traded lower in premarket alongside Micron, SanDisk and AMD as semiconductor stocks faced broader sector pressure. Commentary also emphasized AMD’s stronger AI and data-center margin profile, highlighting competitive risks for Intel’s turnaround. Analyst Upgrades and Downgrades A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Intel from $45.00 to $85.00 and gave the company an “underweight” rating in a report on Friday, July 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, July 24th. Robert W. Baird boosted their target price on shares of Intel from $75.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. BTIG Research upgraded shares of Intel from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. Finally, Truist Financial increased their target price on shares of Intel from $81.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $107.46.
View Our Latest Report on Intel
Insider Transactions at Intel In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the acquisition, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.05% of the company’s stock.
About Intel (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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Analytik Mizuho Vijay Rakesh snížil cílovou cenu Intelu na 92 USD z 109 USD a ponechal doporučení držet. Upozornil na slabší poptávku po PC a tlak na ziskovost.
Intel ( INTC ) stock is in focus after Mizuho analyst Vijay Rakesh lowered his price target to $92 from $109 while keeping a Hold view on the shares.
Rakesh said Intel could benefit from rising demand for processors used in artificial intelligence inference. He expects the balance between CPU and GPU workloads to improve over time as agentic AI expands, potentially supporting tighter CPU supply through 2027.
The analyst also sees a longer-term opportunity in Intel's manufacturing operations. He expects advanced packaging revenue to reach about $3.5 billion by 2029, with external foundry activity also potentially reaching that level as the company advances its 14A process.
Still, near-term profitability remains a concern. Rakesh pointed to pressure from new manufacturing nodes, weaker PC demand and a valuation that leaves limited room for disappointment.
TipRanks shows a Hold consensus, with 24 Holds, five Buys and two Sells. The average price target is $116.16, implying about 27% upside.
What it means for the stock: Intel may have AI-driven growth ahead, but investors still face execution and margin risks.
Intel ve 2. čtvrtletí zvýšil tržby o 25 % na 16,1 miliardy USD a upravený zisk na akcii činil 0,42 USD oproti ztrátě 0,10 USD před rokem. Firma zároveň čeká ve 3. čtvrtletí tržby 15,8 až 16,8 miliardy USD.
Intel (INTC +1.21%) closed at $24 a share a year ago. As of this writing, it trades near $89, about 3.7 times the price a year ago. The stock has also risen around 141% in 2026 alone.
However, the stock hit a high of $142.35 in late June and has fallen around 38% since then. It also trades below the $95 a share that Intel got in August, when it sold about 242 million new shares for approximately $23 billion.
The stock's direction from here depends on three things: whether the foundry wins external customers, how quickly earnings grow under more than $20 billion in capital expenditures, and across how many shares those earnings are split. Here is how I would turn those three into a range.
Image source: Intel.
Growth is backIntel's revenue in the second quarter rose 25% year over year, to $16.1 billion -- an acceleration from the first quarter's 7% and the fourth quarter of 2025's 4% decline. Non-GAAP (adjusted) gross margin reached 41.8%, 12 percentage points wider than a year earlier, and adjusted earnings per share were $0.42, versus a loss of $0.10 in the year-ago quarter.
The data center and artificial intelligence (AI) segment did most of the work, with revenue rising 59% year over year, to $6.3 billion, and operating income of $2.5 billion.
And management forecasts third-quarter revenue between $15.8 billion and $16.8 billion, implying about 19% growth at the midpoint -- slower, but well above anything Intel posted in 2025.
Will the foundry win any big customers?Intel's foundry revenue grew 31% year over year, to $5.8 billion, and its operating loss narrowed to $2.1 billion, from $3.2 billion a year earlier and $2.4 billion three months prior. But almost all of that revenue comes from Intel making chips for itself. Revenue from external customers was $293 million.
The company is spending as if that could change. Chief financial officer David Zinsner said on the second-quarter earnings call that Intel now expects capital expenditures of more than $20 billion in 2026 and that 2027 spending should be "significantly above the 2026 levels."
None of this has a big external name attached yet. Fortinet joined in July for a security processor, but the grand prize is Intel 14A, the next manufacturing process.
Version 0.9 of the 14A design kit (the toolset external chip designers work on) is scheduled for October. And CEO Lip-Bu Tan said in January that he expected customers to start making firm supplier decisions in the second half of this year and during the first half of 2027.
Those customer decisions, I believe, are what drive both ends of the range. Zinsner said in January that Intel would not spend on 14A capacity until it had secured customers. But Tan said on the second-quarter earnings call that Intel decided during the quarter to fully commit to high-volume 14A production in 2028, citing demand for its own products along with customer conversations. So the money will be spent either way. An external commitment determines whether customers help pay for it.
Intel had 5.04 billion shares outstanding at the end of June, and the August sale added about 242 million. That puts the number near 5.3 billion, approximately 21% above the year-ago quarter's average of 4.37 billion.
Of course, the balance sheet strengthened. Intel had about $30 billion in cash and short-term investments at the end of June, before the sale. But every dollar the company earns will be split across a fifth more shares than a year ago.
Analysts expect around $2 in adjusted earnings per share next year. At $89, that equals about 44 times next year's earnings.
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At the low end, no big 14A customer emerges and the foundry continues to lose money on Intel's own chips. That leaves a products company earning about $2 a share, which, at 15 times earnings, could put the stock near $30.
At the midpoint, the foundry reaches breakeven by the end of the decade, earnings rise to about $3.50 a share, and a 25-times-earnings multiple puts the stock near $90.
At the high end, 14A wins a couple of big customers, the foundry turns profitable, and earnings reach about $6 a share by 2031. At between 25 and 28 times earnings, that equals between $150 and $170, or an annual return of between 11% and 14% from here.
In other words, the current price already assumes the middle scenario. It could be said that the business is in its best shape in a decade. But, at this price, the reward for being right on the foundry is approximately the same size as the penalty for being wrong. I would stay on the sidelines for now. An identified 14A customer with volume to back it up would change my mind.
Alta Advisers Ltd purchased a new stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,124 shares of the chip maker’s stock, valued at approximately $2,531,000. Intel accounts for 0.6% of Alta Advisers Ltd’s holdings, making the stock its 20th biggest position.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. boosted its stake in Intel by 17.0% during the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock worth $21,883,000 after purchasing an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC purchased a new position in shares of Intel in the fourth quarter worth about $205,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Intel in the fourth quarter worth about $185,000. Northwestern Mutual Wealth Management Co. boosted its position in Intel by 5.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock worth $9,419,000 after acquiring an additional 13,858 shares during the last quarter. Finally, Vestor Capital LLC purchased a new stake in Intel during the 1st quarter valued at about $9,441,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Intel Stock Performance Shares of Intel stock opened at $89.51 on Tuesday. The firm has a market cap of $451.49 billion, a PE ratio of -42.42, a price-to-earnings-growth ratio of 9.89 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Intel Corporation has a 52 week low of $23.68 and a 52 week high of $142.35. The business’s fifty day simple moving average is $103.61 and its 200-day simple moving average is $86.94.
Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The firm had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same period last year, the company earned ($0.10) EPS. The company’s quarterly revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities analysts forecast that Intel Corporation will post 1 earnings per share for the current year. Analyst Upgrades and Downgrades A number of research analysts have weighed in on INTC shares. JPMorgan Chase & Co. raised their target price on shares of Intel from $45.00 to $85.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. KeyCorp set a $125.00 price target on Intel in a report on Friday, July 24th. HC Wainwright set a $150.00 price objective on Intel in a research note on Monday, June 29th. Zacks Research downgraded Intel from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and an average target price of $107.46.
Check Out Our Latest Analysis on INTC
Insider Activity at Intel In related news, CEO Lip Bu Tan acquired 105,263 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the acquisition, the chief executive officer owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.05% of the company’s stock.
Key Intel News Here are the key news stories impacting Intel this week:
Positive Sentiment: Reports that South Korean memory-chip maker SK Hynix was considering Intel Foundry to manufacture base dies for next-generation HBM4E memory initially boosted hopes for a major external customer and validated Intel’s manufacturing ambitions. CEO Lip-Bu Tan’s reported purchase of roughly $12 million in Intel shares also signaled management confidence. Intel Stock Notches Up as SK Hynix Considers New Deal Positive Sentiment: Intel could benefit from the rapid expansion of AI infrastructure and from large-scale chip-production projects in the United States, including Elon Musk’s reported planned facility near Houston. More domestic manufacturing demand would support the strategic rationale for Intel’s foundry investments, though the project is not confirmed as an Intel contract. Elon Musk Is Spending $119 Billion on a Single Building Outside Houston Neutral Sentiment: SK Hynix subsequently denied the reported HBM4E partnership, removing the immediate catalyst and underscoring that Intel’s potential foundry wins remain uncommitted. SK Hynix Denies Report of Intel Foundry Partnership Negative Sentiment: Analysts continue to question whether AI-related revenue can arrive quickly enough to offset Intel’s rising capital spending and foundry losses. Outside customers currently contribute little foundry revenue, making utilization and execution key risks for the stock. Intel Stock Is Paying Now for Revenue Due Later Negative Sentiment: Competitive concerns remain: coverage argues AMD continues to take share from Intel, while Nvidia’s strong growth in newer data-center products could further pressure Intel’s position in AI hardware. AMD: Still Eating Intel’s Lunch About Intel (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
Read More Five stocks we like better than Intel Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season Insiders Are Betting Big on These 3 Healthcare Stocks 3 Stocks for Investors Who Still Believe Cash Is King Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC – Free Report).
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Intel Foundry ve 2. čtvrtletí 2026 dosáhla tržeb 5,8 miliardy USD, ale vykázala provozní ztrátu 2,1 miliardy USD. Ta téměř vymazala provozní zisk 2,5 miliardy USD z AI datových center.
CHINA - 2026/08/18: In this photo illustration, an Intel logo is displayed on a tablet screen. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
This article was written by Doug Nathman, with research by his team at Trefis.
Intel (INTC) stock has gained 278% during the past year. At roughly 8.2 times sales, it ranks in the top decile of its own decade, a valuation that works only if the factories ultimately profit like a business rather than consume one. What should concern a holder is the current cost of those factories.
The $2.1 Billion Intel Foundry Lost In A Single QuarterIntel Foundry, its manufacturing unit, recorded $5.8 billion in revenue during the second quarter of 2026 and an operating loss of $2.1 billion. That nullifies most of the $2.5 billion in operating profit generated by the data center AI group in that same quarter. Over the trailing twelve months, the entire company generated a 7.6% operating margin on $57.0 billion of revenue, only a fraction of the approximately 34% margin it earned at its peak, while revenue rose 7.5% year over year.
External Customers Were Only $293 Million Of Q2 Foundry RevenueOnly $293 million of the foundry’s Q2 2026 revenue was generated from external customers, or about 5% of the segment’s sales. Intel purchasing wafers from Intel accounts for nearly all of the remainder, leaving it to bear the loss.
That said, wafer costs are getting better through higher yields, better cycle times, and greater factory scale across its leading-edge nodes, while management says the cost of its main Panther Lake part has fallen roughly 50% year to date, with another 20% expected in 2026. By the CFO’s own description, Panther Lake and Intel’s other newer parts are becoming a meaningful portion of the mix even as they remain below the corporate average margin early in their life cycle.
Capex Above $20 Billion, And Higher Again In 2027Management is increasing 2026 capital spending to more than $20 billion and has indicated that 2027 will be significantly higher than that. About $30 billion in cash and short-term investments, along with a $10 billion revolver, currently cover that cost, in addition to roughly $10 billion of noncore assets the CFO says could still be monetized, though he has said a ramp as successful as Intel is pursuing could still drive it to the capital markets. Much of that spending pursues a single build-out, and the mix is already tilted in that direction: AI-driven businesses supplied roughly 70% of revenue in Q2 2026, including record data center growth.
How Fast $2.1 Billion Shrinks Is The Whole QuestionThe foundry loss is contracting rather than expanding: the $348 million quarter-over-quarter improvement is genuine. Yet it is slow progress against a $2.1 billion gap, and at 8.2 times sales, a holder is already paying for fabs that support themselves. What would alter the assessment is a foundry loss declining more quickly than the capital budget increases.
Intel v roce 2020 prodal NAND a storage byznys za zhruba 9 miliard USD. Dnes má Micron tržní hodnotu přes 1,05 bilionu USD, tedy víc než dvojnásobek Intelu.
In October 2020, Intel (INTC -2.85%) agreed to sell its NAND memory and storage business to SK Hynix (SKHY -0.35%) for $9 billion. The package included Intel's solid-state drive business, its NAND components and wafers, and its factory in Dalian, China.
One thing I want to be clear about from the start: the buyer was SK Hynix, not Micron (MU -0.27%). Micron's role here is as a measuring stick -- the biggest American memory company, and the closest thing to a pure-play gauge of what the memory business became after Intel left it.
That measuring stick says a lot. Micron's market value stands near $1.05 trillion as of this writing. Intel's is about $464 billion. So was the exit a mistake?
Image source: Intel.
The 2020 exitThe sale unfolded in two steps. SK Hynix paid $7.0 billion at the first closing, at the end of 2021, taking the drive business and the Dalian factory and standing up a new subsidiary, Solidigm, to run the drives.
The remainder of the deal (the NAND technology, intellectual property, and the people behind them) transferred on March 27, 2025, with Intel collecting about $1.9 billion, net of adjustments.
Intel said at the time of the announcement that it intended to put the proceeds toward "long-term growth priorities, including artificial intelligence, 5G networking and the intelligent, autonomous edge."
What Intel mostly built instead, of course, was manufacturing. The centerpiece of the company's strategy today is Intel Foundry, the contract chipmaking arm. Its segment revenue grew 31% year over year to $5.8 billion in the second quarter, a figure that includes the work it does for Intel's own product groups. And it still posted a $2.1 billion operating loss.
Overall, Intel's total revenue rose 25% to $16.1 billion in that quarter, its fastest growth in years. But profitability at the foundry hasn't arrived.
Memory became the bottleneckFor a while, the exit looked well-timed. After all, memory prices collapsed in 2022 and 2023, and Micron posted a $5.83 billion net loss in its fiscal 2023 as its annual revenue nearly halved. NAND, the specific business Intel sold, took a beating.
Intel, meanwhile, had collected $7.0 billion before the worst of it and never had to fund the losses.
Then artificial intelligence (AI) rewired the industry's economics. Data centers built for AI need enormous amounts of memory, and prices have surged as demand outruns supply.
Showing just how much the industry has changed, SK Hynix's second-quarter revenue of 79.3 trillion won was up 257% year over year, and its operating margin reached 76%. Both were records. Add the 52.6 trillion won it booked in the first quarter, and first-half revenue crossed 100 trillion won for the first time in the company's history. It said high-performance products for AI servers led price increases across both DRAM and NAND.
As for Micron, its trillion-dollar valuation mostly rides on DRAM and the high-bandwidth memory feeding AI data centers -- businesses Intel wasn't selling in 2020. The headline comparison, then, isn't asset for asset. It measures what happened to the industry Intel left, and to the one it stayed in, over the same stretch.
Grading the exitThe 2020 logic was defensible. NAND was a commodity business that demanded constant capital, Intel was fighting to fix its core manufacturing, and something had to go.
The thinking was that a focused company would beat a sprawling one. And the 2022 downturn briefly made the sellers look like the smart ones.
After a decade covering tech stocks, though, what stands out to me is the direction of the trade. Intel exited the corner of the industry where AI has since created scarcity, and it used the room to double down on a business that still loses money every quarter.
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And SK Hynix, the actual buyer, is now flush enough that its board approved buying back about $29 billion of its own stock over three months.
To be fair, Intel likely couldn't have funded both paths. The foundry build-out has consumed far more than $9 billion, and carrying NAND through the 2023 downturn would have cost it more before today's prices arrived.
Ultimately, the scoreboard is what it is. The $9 billion was arguably a fair price for what Intel sold in 2020. Micron's value has since climbed to more than twice Intel's, and the business Intel kept building hasn't yet shown it can earn what memory now earns.
On today's numbers, the exit is the more expensive decision. Of course, memory is a cyclical business, so the gap may narrow again with the next downturn. What would change the grade for good is the foundry earning real money, and it hasn't yet.
CM Wealth Advisors LLC ve 2. čtvrtletí koupila 11 379 akcií společnosti Intel za zhruba 1,589 milionu USD. Podíl má hodnotu asi 0,3 % portfolia a je 26. největší.
CM Wealth Advisors LLC purchased a new stake in Intel Corporation (NASDAQ:INTC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,379 shares of the chip maker’s stock, valued at approximately $1,589,000. Intel makes up 0.3% of CM Wealth Advisors LLC’s portfolio, making the stock its 26th largest holding.
A number of other hedge funds have also added to or reduced their stakes in INTC. Financially Speaking Inc lifted its position in shares of Intel by 69.2% in the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after purchasing an additional 279 shares during the period. Financial Life Planners purchased a new position in shares of Intel during the first quarter valued at about $25,000. Glynn Capital Management LLC bought a new position in Intel in the second quarter worth about $29,000. Knuff & Co LLC bought a new position in Intel in the second quarter worth about $29,000. Finally, Swiss RE Ltd. purchased a new stake in Intel in the fourth quarter worth about $29,000. 64.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Several analysts have weighed in on the company. Rosenblatt Securities lifted their price objective on Intel from $65.00 to $80.00 and gave the company a “sell” rating in a research report on Friday, July 24th. Wells Fargo & Company increased their target price on Intel from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Moffett Nathanson lowered Intel to a “neutral” rating in a research report on Thursday, June 11th. TD Cowen lifted their price target on Intel from $75.00 to $115.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Intel in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $107.46.
Read Our Latest Report on Intel Intel Stock Down 2.8% NASDAQ:INTC opened at $89.47 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The firm has a market cap of $451.29 billion, a P/E ratio of -42.40 and a beta of 2.22. Intel Corporation has a fifty-two week low of $23.68 and a fifty-two week high of $142.35. The firm has a 50-day simple moving average of $104.64 and a two-hundred day simple moving average of $86.39.
Intel (NASDAQ:INTC – Get Free Report) last issued its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The business’s revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts predict that Intel Corporation will post 1 earnings per share for the current fiscal year.
Insider Transactions at Intel In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the transaction, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at $124,893,555. The trade was a 8.70% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.05% of the company’s stock.
Intel News Roundup Here are the key news stories impacting Intel this week:
Positive Sentiment: Chief Executive Officer Lip-Bu Tan reportedly purchased approximately $10 million of Intel stock at $95 per share earlier this month. The shares now trade below that level, making the purchase a potential signal of management’s confidence in Intel’s turnaround. Intel CEO insider purchase article Positive Sentiment: Fundstrat ETFs added Intel to a quarterly rebalance, which could provide incremental institutional demand and reflects improving sentiment toward the chipmaker. Fundstrat ETF rebalance article Positive Sentiment: Intel has gained attention from investors following reports of a new Advantech connection and its potential role in AI infrastructure. Strong Nvidia results also reinforced expectations that demand for data-center and AI-related hardware remains robust. Intel Advantech connection article Neutral Sentiment: Reports that investor Nancy Pelosi bought Intel shares and call options may support retail and political-investor interest, but the trade does not change Intel’s operating outlook. Nancy Pelosi Intel investment article Negative Sentiment: Intel’s manufacturing operations reportedly continue to lose money on wafers, much of which are sold internally. The stock’s elevated valuation appears to assume that the foundry business eventually becomes profitable, leaving substantial execution risk if losses persist. Intel manufacturing losses article Negative Sentiment: Intel is also being pressured by broad semiconductor profit-taking after Nvidia’s earnings-fueled rally. Raymond James reportedly prefers AMD over Intel among the two AI-exposed CPU companies, highlighting competitive concerns and uncertainty over Intel’s ability to convert AI demand into durable growth. Semiconductor profit-taking article Intel Profile (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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In early August, Intel (INTC -2.85%) raised $23 billion in equity at $95 per share, up from an initial target of $15 billion. In conjunction, CEO Lip-Bu Tan personally bought $12 million worth of stock as part of the offering.
Just one month before, on Intel's July earnings call, CFO David Zinsner said Intel wouldn't raise more money unless it did "extremely well" in attracting demand for its foundry. After the capital raise at the recent Deutsche Bank Technology Conference on Aug. 26, Zinsner shed more light on how the new billions will be used.
The answers were tremendously bullish, making Intel's current stock price, which sits even below the recent offering price, look like a bargain.
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Intel is filling its fabs as fast as it can While there is a possibility that Intel will use $15 billion of the offering to buy out Brookfield Infrastructure Partners, which owns 49% of Intel's existing Arizona fabs, Zinsner hinted that the new funds will probably go toward new fabs. Zinsner pointed out that Intel must commit to buying a large amount of chipmaking equipment over the next few years, which will require a stronger financial backstop.
The details point to a massive amount of new capacity coming online. Intel will be expanding capacity at its existing Fab 34 in Ireland, which produces the Intel 3 node, along with Fab 52 in Arizona, which produces Intel's new 18A node. Intel is also finishing tooling up Fab 62, another massive Arizona fab next to 52 that will produce 18A variants and possibly 14A, Intel's next node.
But that's not all. At the conference, Zinsner also described how Intel will convert some of its Oregon facilities, which are typically research "pilot" lines, into higher-volume manufacturing lines to support 14A as soon as possible. In addition, Zinsner said Intel was moving as "fast as it could" to build out its Ohio fabs:
There is the ability to have eight mods, or there is two mods per fab, so four fabs in Ohio. Mod one is the one obviously we are working on right now. If we could make it go faster, we would. We are going as fast as we can to get that one ready.
It should be noted that before the agentic AI revolution took off, Intel had slowed the build-out of the Ohio fab system. In early 2025, Intel said it was delaying the opening of that fab until at least 2030, pushed back from an initial target of 2026. Well, today Intel is looking to bring that on "as fast as possible," probably in 2028 or 2029. That's quite a change in the span of a year.
Mods one and two will cost a reported $28 billion, which is roughly the same amount invested in Fabs 52 and 62 in Arizona. In other words, this is a massive amount of capacity in addition to Intel's near-term build.
Finally, Zinsner didn't mention Intel's Fab 38 in Israel, where construction was suspended in mid-2025. However, that Fab "shell" is already complete, and would probably be the fastest to market for producing chips outside of Fab 62. Some commentators have recently pointed to increased activity at the Israel fab and to a new site facility operator position that has been posted. That suggests Intel is also likely looking to equip Fab 38 with tools.
Keep in mind that Fab 34 in Ireland, where Intel makes Intel 3, and Fab 52, where 18A production is ongoing, aren't even at full capacity yet. So when you factor in Fab 62, the first two Ohio fabs, Israel Fab 38, and an expansion of its Oregon facility, Intel's internal capacity should increase severalfold over the next few years.
Given that last quarter's revenue was already over $16 billion, indicating a $65 billion annualized run rate, Intel's revenue could theoretically approach $200 billion over a few years if it fills all these fabs it is now accelerating.
Why is Intel so confident? 14A looks massive It should be noted that when he took on the role of CEO in early 2025, Lip-Bu Tan said he would slow down prior CEO Pat Gelsinger's aggressive capacity build-out and would only build capacity against committed demand. Intel even said in its Q2 2025 quarterly report that development of the upcoming 14A node wasn't guaranteed unless there was significant external demand.
While Intel hasn't officially announced it has landed external customer commitments for 14A, and likely won't due to customer confidentiality concerns, Zinsner basically admitted as much, noting:
Lip-Bu and the team are now meeting on a weekly basis with customers. They are moving away from just looking at data to thinking about, "Well, how much capacity can I get? What does that supply look like?" We are now at a point where we have conviction around customers on 14A externally...
Image source: Intel.
Later on, Zinsner discussed Intel's innovative EMIB-T packaging, which may offer cost and performance advantages over Taiwan Semiconductor Manufacturing's (TSM -2.29%) CoWoS technology. Zinser noted Intel's packaging technology is leading to new opportunities to cross-sell customers to Intel's front-end foundry capabilities:
[Packaging] is a great on-ramp vehicle to show how we can perform not only from an innovation perspective, but also just the blocking and tackling of operationally, how we provide the parts, when we provide them, what our yields look like in high volume. All of those things get tested in advanced packaging, and we win customers there, and I think there is a great opportunity to cross-sell them on the front end as well. Quite honestly, we've already seen that show up even now.
Not only is Intel apparently winning significant external customer volume for its foundry, but its product team is also apparently bullish on 14A. Zinsner noted that under Tan, management let Intel's internal product team choose its foundry, whether Intel's processes or TSMC's. Zinsner said that even though Intel's internal team is "probably the most cynical bunch out of anybody," it has also committed to designing high-volume products on 14A.
Pat Gelsinger's vision is proving out It should be noted that former CEO Pat Gelsinger had committed to a massive number of cutting-edge fabs back in 2021 when demand for computing was super-high during the COVID-19 pandemic. The subsequent post-COVID downturn made those bets look ill-timed, as Intel lacked the internal financial resources to complete the ambitious plan.
However, with the agentic AI revolution sweeping the tech industry, Gelsinger's vision now looks prescient. Meanwhile, under Tan, Intel appears to have proven out its manufacturing capabilities and positioned itself as a worthy manufacturing vendor to chipmakers.
The 14A node, now set for high-volume manufacturing in 2028, could mark a pivotal moment. Keep in mind that Gelsinger initially envisioned meeting TSMC competitively on the 18A node, then surpassing it on 14A. 14A will make heavier use of high-NA EUV lithography, in which Intel is a first mover, and it will use Intel's second-generation backside power technology. TSMC hasn't yet introduced those chipmaking innovations into its processes.
At the Deutsche Bank conference, Zinsner also noted that 14A development is "doing better than any of the previous nodes in terms of how quickly we're bringing down the defects." He later added, "We haven't seen this performance since 22 nanometer, which is arguably one of the best nodes Intel's ever put out."
Of note, the 22nm process node came out in 2012, back when Intel was the dominant semiconductor manufacturer and multiple generations ahead of competitors in process technology, before it lost its lead to TSMC during the extreme ultraviolet lithography (EUV) transition around 2019.
Many investors currently chalk up Intel's recent gains to "getting lucky" because traditional server CPUs are in such high demand to serve agentic AI, and that its products aren't really competitive with rivals. However, if Intel meets or exceeds TSMC in process technology with 14A, it should be perceived in an entirely new light. From the looks of the recent capital raise, Tan's insider buy, and Zinsner's commentary, it appears management believes that change is imminent.
The three largest sales of new stock by already-public companies this year now share one purpose: funding artificial intelligence (AI).
Chinese e-commerce and cloud giant Alibaba (BABA -0.73%) priced an 80 billion Hong Kong dollar placement (about $10.2 billion) on Sunday, selling 710 million newly issued shares at 112.70 Hong Kong dollars each. The company says 100% of the net proceeds will go into its full-stack AI capabilities, including expanding its AI infrastructure. The deal is expected to close Wednesday.
The market's reaction was quick. Alibaba's Hong Kong-listed shares fell 8.4% in Monday's session there, converging almost exactly on the placement price. The U.S.-listed shares held up better, trading about flat as of this writing after a drop in the premarket.
According to Reuters, the deal ranks as the world's third-largest primary follow-on share sale this year, after offerings from Alphabet (GOOG +0.83%)(GOOGL +0.94%) and Intel (INTC -3.12%), and the largest ever by a Hong Kong-listed company. That list, I'd argue, is the story. The AI build-out has grown past the point where even its richest participants can fund it from cash flow alone.
Image source: Alibaba.
Why Alibaba wants the moneyAlibaba isn't raising cash from a position of weakness in its business. After all, its cloud division's external revenue grew 45% year over year in the June quarter, an acceleration, and the company says its AI-related product revenue has now grown at a triple-digit rate for 12 consecutive quarters.
But the strain shows up below the revenue line. Net income fell 75% year over year to about $1.5 billion last quarter. And free cash flow ran to an outflow of about $6.6 billion, more than double the year-ago quarter's outflow, as capital expenditures jumped 75% year over year to 67.7 billion yuan.
The scale of the plan explains why. Alibaba committed last year to investing at least 380 billion yuan (more than $50 billion) in cloud and AI infrastructure over three years, and the company said last week it has already spent nearly half of it. Management told investors the expected payback period on its AI investments is on track to fall to about 2.5 years from three, driven by demand.
In other words, selling about 4% more shares (710 million new shares) is the price of keeping that pace without draining the balance sheet.
A three-company patternWhat makes the deal notable is less Alibaba than the pattern it completes.
Alphabet went first, in June, announcing an $84.75 billion equity program made up of $34.75 billion in underwritten public offerings, a $40 billion at-the-market program (a large piece of which covers tax obligations on employee stock awards), and a $10 billion private placement to Berkshire Hathaway. Alphabet's services generate enormous cash, and the company still chose to sell stock rather than fund this year's capital expenditures, which it now expects to reach $195 billion to $205 billion, from cash flow alone.
Intel followed in August, pricing a $20 billion common stock sale at $95 per share, upsized from $15 billion the same day on strong demand. The proceeds are for general corporate purposes, including capital expenditures.
Investor appetite for these deals has been striking. Alibaba's placement was oversubscribed, with sovereign wealth funds among the buyers, and the company increased the deal's size, according to Reuters. Notably, Intel's underwriters exercised their full option for additional shares, taking that deal to about $23 billion.
Paying up frontBut the aftermarket tells a more cautious story. Intel now trades near $87 as of this writing, about 8% below the price the offering's buyers paid two weeks ago. And Alibaba's Hong Kong shares closed Monday's session almost exactly at the placement price. The U.S. shares, near $119 as of this writing, sit about 38% below their 52-week high of $192.67 even before the new shares land.
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Institutions clearly want exposure to AI infrastructure at scale. Existing shareholders, though, absorb about 4% dilution today in exchange for data centers whose returns arrive over years -- and only if the payback management describes holds up.
I think the equity funding itself is a rational choice. Stock is expensive capital, but it is permanent, and a build-out this large funded with debt would be far riskier.
But the raise moves the bar. Every new share is a claim that the AI infrastructure will eventually earn its cost, and Alibaba's cloud growth now has to make good on that. So far, that growth is accelerating. It will need to keep doing exactly that.
Intel a AMD v pondělí klesly, protože investoři před výsledky společnosti Nvidia prodávali polovodiče. Intel byl pod tlakem kvůli 20miliardovému zvýšení kapitálu a výdajům na foundry.
Semiconductor sell-off is being driven by positioning ahead of Nvidia, not by AMD fundamentals. AMD has clear catalysts: Helios rack-scale AI platform shipments starting in September and customer commitments (OpenAI, Meta, Anthropic). If Nvidia’s results confirm AI infrastructure demand, AMD should re-rate as the credible “alternative to Nvidia” across GPUs/CPUs/networking/racks.
Key Risk: Helios slips or fails to convert commitments into meaningful revenue, so AMD can’t capitalize on any Nvidia-driven AI demand rebound.
Sell Intel (INTC)
Intel’s stock is being hit by two thesis-damaging issues: dilution from the $20B upsized secondary equity raise (210.5M new shares) and near-term free-cash-flow pressure from >$20B foundry expansion. Even if the foundry plan is right long term, the market is punishing the next 6–18 months, and the stock is trading below the offering price.
Key Risk: Foundry spending fails to produce credible progress (cost, yields, or customer traction), forcing even more dilution or delaying returns.
Intel and AMD shares fell on Monday as semiconductor stocks came under heavy selling ahead of Nvidia's closely watched quarterly results.
The decline was concentrated in chip stocks, with the iShares Semiconductor ETF falling more sharply than broader technology funds.
The iShares Semiconductor ETF (SOXX) fell more than 3% in trading, while the iShares US Technology ETF declined about 1%.
The sharper move in semiconductors suggested that investors were reducing exposure to the sector rather than broadly selling technology stocks.
The selling came two sessions before Nvidia reports what is expected to be one of its most important quarters of the year. Investors are likely reassessing positions across the semiconductor sector ahead of the results.
Intel INTC shares were among the biggest decliners, falling as much as 5.47% to $85.14.
The stock remained below the $95 offering price of the company's recently completed $20 billion secondary equity raise.
The upsized offering involved approximately 210.5 million new shares, increasing the potential dilution for existing shareholders.
The stock's decline below the offering price has added to selling pressure as investors assess the impact of the larger share count.
Intel is also facing questions over its near-term free cash flow as it plans to spend more than $20 billion on foundry expansion.
Analysts, including UBS, have reduced their price targets to account for the expanded share count and near-term earnings outlook.
AMD shares also declined on Monday.
BMO initiated coverage of AMD with an Outperform rating and a $550 price target in the previous week. Analyst Harsh Kumar said AMD is moving beyond individual processors toward a broader AI infrastructure offering.
A key part of that strategy is Helios, AMD's rack-scale AI platform, which is expected to begin shipments in September. The platform is intended to compete with Nvidia's comparable rack-scale systems.
AMD has already secured customer commitments involving OpenAI, Meta and Anthropic.
BMO sees those relationships as a potential source of additional AI infrastructure revenue as deployments expand.
The company's broader portfolio includes GPUs, CPUs, networking and rack-level systems.
BMO expects AMD could gain additional market share in AI infrastructure as customers seek alternatives to Nvidia.
Nvidia's upcoming results remain a central focus for the semiconductor sector. The company is scheduled to report earnings on Wednesday, making Monday's selling particularly notable as investors adjust their positioning ahead of the report.
For Intel, the focus remains on the impact of its recent equity raise, dilution and heavy foundry spending.
For AMD, investors are assessing whether its expansion into rack-scale AI infrastructure can translate into additional revenue and market share.
Meanwhile, Nvidia's results could provide a fresh indication of the strength of AI-related demand and influence sentiment across the wider chip sector.
Bank Hapoalim BM ve 2. čtvrtletí snížila podíl v Intelu o 42,3 % na 26 450 akcií v hodnotě 3,693 milionu USD. Intel zároveň oznámil zisk 0,42 USD na akcii a tržby 16,13 miliardy USD, obojí nad odhady.
Bank Hapoalim BM trimmed its stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 42.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,450 shares of the chip maker’s stock after selling 19,411 shares during the quarter. Intel makes up 0.2% of Bank Hapoalim BM’s holdings, making the stock its 27th biggest holding. Bank Hapoalim BM’s holdings in Intel were worth $3,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Sivia Capital Partners LLC grew its stake in shares of Intel by 271.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock worth $766,000 after acquiring an additional 25,001 shares in the last quarter. United Bank bought a new stake in shares of Intel in the second quarter valued at $205,000. Gamco Investors INC. ET AL raised its position in shares of Intel by 12.3% in the second quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock valued at $308,000 after purchasing an additional 1,508 shares during the period. NewEdge Advisors LLC raised its position in shares of Intel by 29.6% in the second quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock valued at $3,545,000 after purchasing an additional 36,116 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Intel by 9.9% during the 2nd quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock valued at $18,556,000 after purchasing an additional 74,838 shares during the period. 64.53% of the stock is currently owned by institutional investors.
Intel Price Performance Shares of NASDAQ INTC opened at $90.07 on Monday. Intel Corporation has a 1 year low of $23.65 and a 1 year high of $142.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The company’s 50-day moving average is $108.43 and its 200 day moving average is $85.25. The stock has a market capitalization of $454.31 billion, a P/E ratio of -42.69 and a beta of 2.22.
Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The business had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same period last year, the business posted ($0.10) earnings per share. Intel’s quarterly revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, sell-side analysts expect that Intel Corporation will post 1.01 earnings per share for the current year. Key Stories Impacting Intel Here are the key news stories impacting Intel this week:
Positive Sentiment: Institutional buying provides support: Tiger Global reportedly increased its Intel position during the second quarter, adding to recent bullish interest in the company’s AI, data-center, and foundry businesses. Tiger Global Added to Its Position in Intel in Q2 Positive Sentiment: CEO purchase signals confidence: Intel CEO Lip-Bu Tan reportedly bought another 105,000 shares, a potentially favorable signal regarding management’s view of the company’s turnaround and long-term prospects. CEO Lip-Bu Tan Just Bought Another 105,000 Shares of Intel Stock Positive Sentiment: Operating momentum remains a potential catalyst: Intel’s latest reported quarter exceeded consensus EPS and revenue estimates, with revenue up 25.2% year over year. Coverage also points to a growing role for Intel in AI hardware and data-center demand. Neutral Sentiment: Government investment remains under scrutiny: Intel’s shares slipped as Commerce Secretary Howard Lutnick defended the U.S. government’s purchase of roughly 10% of the company. The investment could improve strategic and financial support, but its unusual structure has prompted investor uncertainty. Intel Stock Slips as Howard Lutnick Defends Intel Deal Negative Sentiment: Potential dilution weighs on sentiment: Reports that Intel is pursuing a stock offering of approximately $15 billion raise concerns about shareholder dilution, even if the proceeds are intended to fund expansion and capitalize on AI demand. Intel Embarks on $15 Billion Stock Offering Negative Sentiment: High-profile selling reinforces profit-taking concerns: Stanley Druckenmiller’s Duquesne Family Office reportedly exited its Intel position in the second quarter, selling about 411,400 shares while reallocating capital to other AI and robotics opportunities. Druckenmiller Dumped Micron, Intel and Broadcom Negative Sentiment: Analyst caution and valuation risk persist: Intel carries an average analyst rating of “Hold,” while some coverage argues that Nvidia and AMD offer better risk-adjusted upside. Investors remain concerned that Intel’s recent rally has priced in much of the turnaround before sustained profitability is established. Analyst Ratings Changes Several research analysts have recently weighed in on the stock. Wedbush upped their price target on shares of Intel from $60.00 to $98.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Susquehanna increased their price target on shares of Intel from $80.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Intel in a research note on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on shares of Intel from $45.00 to $85.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. Finally, Rosenblatt Securities increased their price objective on Intel from $65.00 to $80.00 and gave the stock a “sell” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $107.46.
Check Out Our Latest Research Report on INTC
Insider Buying and Selling at Intel In other news, CEO Lip Bu Tan purchased 105,263 shares of Intel stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.
About Intel (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
See Also Five stocks we like better than Intel VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC – Free Report).
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Choreo LLC lifted its position in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 6.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,387 shares of the chip maker’s stock after buying an additional 8,343 shares during the quarter. Choreo LLC’s holdings in Intel were worth $18,066,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of INTC. Sivia Capital Partners LLC boosted its holdings in Intel by 271.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock valued at $766,000 after purchasing an additional 25,001 shares during the period. United Bank acquired a new position in shares of Intel during the 2nd quarter worth approximately $205,000. Gamco Investors INC. ET AL increased its holdings in shares of Intel by 12.3% during the second quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock worth $308,000 after purchasing an additional 1,508 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Intel by 29.6% during the second quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock worth $3,545,000 after purchasing an additional 36,116 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Intel by 9.9% during the second quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock worth $18,556,000 after purchasing an additional 74,838 shares during the period. Institutional investors own 64.53% of the company’s stock.
Insider Activity In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. This trade represents a 8.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.05% of the company’s stock.
Intel Stock Performance NASDAQ INTC opened at $90.07 on Friday. The firm’s 50 day simple moving average is $108.43 and its 200 day simple moving average is $85.00. The firm has a market capitalization of $454.31 billion, a price-to-earnings ratio of -42.69 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. Intel Corporation has a 1 year low of $23.65 and a 1 year high of $142.35. Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The business had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same period in the previous year, the business earned ($0.10) earnings per share. The company’s revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, research analysts expect that Intel Corporation will post 1.01 earnings per share for the current fiscal year.
Intel News Roundup Here are the key news stories impacting Intel this week:
Positive Sentiment: Institutional buying provides support: Tiger Global reportedly increased its Intel position during the second quarter, adding to recent bullish interest in the company’s AI, data-center, and foundry businesses. Tiger Global Added to Its Position in Intel in Q2 Positive Sentiment: CEO purchase signals confidence: Intel CEO Lip-Bu Tan reportedly bought another 105,000 shares, a potentially favorable signal regarding management’s view of the company’s turnaround and long-term prospects. CEO Lip-Bu Tan Just Bought Another 105,000 Shares of Intel Stock Positive Sentiment: Operating momentum remains a potential catalyst: Intel’s latest reported quarter exceeded consensus EPS and revenue estimates, with revenue up 25.2% year over year. Coverage also points to a growing role for Intel in AI hardware and data-center demand. Neutral Sentiment: Government investment remains under scrutiny: Intel’s shares slipped as Commerce Secretary Howard Lutnick defended the U.S. government’s purchase of roughly 10% of the company. The investment could improve strategic and financial support, but its unusual structure has prompted investor uncertainty. Intel Stock Slips as Howard Lutnick Defends Intel Deal Negative Sentiment: Potential dilution weighs on sentiment: Reports that Intel is pursuing a stock offering of approximately $15 billion raise concerns about shareholder dilution, even if the proceeds are intended to fund expansion and capitalize on AI demand. Intel Embarks on $15 Billion Stock Offering Negative Sentiment: High-profile selling reinforces profit-taking concerns: Stanley Druckenmiller’s Duquesne Family Office reportedly exited its Intel position in the second quarter, selling about 411,400 shares while reallocating capital to other AI and robotics opportunities. Druckenmiller Dumped Micron, Intel and Broadcom Negative Sentiment: Analyst caution and valuation risk persist: Intel carries an average analyst rating of “Hold,” while some coverage argues that Nvidia and AMD offer better risk-adjusted upside. Investors remain concerned that Intel’s recent rally has priced in much of the turnaround before sustained profitability is established. Wall Street Analyst Weigh In Several equities research analysts recently issued reports on INTC shares. The Goldman Sachs Group reiterated a “neutral” rating on shares of Intel in a research note on Thursday, July 23rd. Daiwa Securities Group lowered Intel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings cut Intel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $100.00 target price on shares of Intel in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Intel in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $107.46.
Read Our Latest Analysis on INTC
About Intel (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
Further Reading Five stocks we like better than Intel 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit? Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC – Free Report).
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Intel (INTC -2.24%) set out to raise $15 billion on Aug. 10. Demand was strong enough that the offering priced at $20 billion the same day -- 210.5 million new shares at $95 each.
The deal then grew once more. Underwriters exercised their option to purchase additional shares in full on Aug. 11, taking the total to about 242 million shares and about $23 billion in all.
Eleven days later, the stock trades below the price all of that money paid. Shares closed Thursday at $92.13, their second straight finish under $93.
What does it mean when a stock slips below a price that $23 billion of institutional demand just set?
Image source: Intel.
The deal kept growingThe mechanics of the deal show how much appetite there was. Intel priced 210,526,315 shares at $95, upsizing the offering from the $15 billion it had announced hours earlier. It also granted underwriters a 30-day option on about 31.6 million additional shares, and they took every one of them. The offering was set to close on Aug. 12.
Notably, $95 wasn't a fire-sale price. Intel's stock last traded at $97.52 on the day the deal was announced, so buyers paid only about a 3% discount to the market.
In other words, this wasn't a company shaking loose whatever cash it could get. Institutions lined up to pay nearly the market price, for far more shares than Intel originally set out to sell.
Intel says demand is the reasonWhy raise the money at all? Intel's announcement pointed at its customers. The company said they continue to signal "a strong and sustainable demand environment, driven by unprecedented investment in AI compute," and that the offering would let it pursue growth opportunities "while maintaining a strong balance sheet and its commitment to an investment-grade rating."
The stated use of proceeds is broad. Intel says the money is for general corporate purposes, a category that may include capital expenditures and working capital.
That flexibility is likely the point. Artificial intelligence (AI) demand is pulling Intel toward years of heavy spending, and the company chose to fund the next stretch of it with stock instead of debt.
The offering language also leans on opportunity, not distress. That framing is easier to defend when the stock sits above the offer price than when it sits below it.
Below the offer priceThe change came fast. Shares closed above $103 as recently as Monday. Then came three straight down sessions: $96.69 on Tuesday, $92.80 on Wednesday, and $92.13 on Thursday. And shares still sit near that last level as of this writing.
The last two closes sit below $93, nearly 3% under the offer price. Anyone from the deal still holding those shares is underwater on them.
Of course, a break like this isn't automatically a verdict on the company. New shares take time to digest, and the slide came during a rough stretch for chip stocks broadly. A 3% gap could close in a single good session.
Today's Change
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Current Price
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90.07
But I think the gap still tells you something. On Aug. 10, $95 was the price at which an enormous amount of professional money wanted in -- enough to grow the deal by more than half over its original size. Today the market will sell anyone the same shares for less, and buyers aren't stepping up to close the difference.
What would move the stock back through $95 is the same evidence that justified the raise. Intel has told investors that unprecedented AI demand is coming its way, and the latest results back the claim. Revenue grew 25% year over year to $16.1 billion last quarter, up from $12.9 billion a year earlier, and management's third-quarter forecast of $15.8 billion to $16.8 billion holds revenue near that new level. More quarters in that direction, with the new $23 billion getting spent productively along the way, would arguably get the stock there on their own. But those quarters haven't been reported yet, and the spending is only beginning.
The buyers of 242 million new shares were willing to pay $95. But the market wants more proof before it agrees -- a reasonable ask.
BOCHK Asset Management Ltd lifted its position in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 1,859.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,050 shares of the chip maker’s stock after purchasing an additional 90,200 shares during the quarter. Intel accounts for 2.1% of BOCHK Asset Management Ltd’s investment portfolio, making the stock its 10th largest holding. BOCHK Asset Management Ltd’s holdings in Intel were worth $13,272,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of INTC. Financially Speaking Inc increased its stake in Intel by 69.2% during the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 279 shares in the last quarter. Financial Life Planners bought a new position in shares of Intel in the first quarter valued at $25,000. Swiss RE Ltd. bought a new position in shares of Intel in the fourth quarter valued at $29,000. Osbon Capital Management LLC acquired a new position in shares of Intel during the fourth quarter valued at about $30,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Intel by 3,185.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock valued at $32,000 after buying an additional 223 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on INTC shares. Bank of America lowered their target price on shares of Intel from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. BTIG Research upgraded Intel from a “neutral” rating to a “buy” rating in a research note on Thursday, June 11th. Daiwa Securities Group lowered Intel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $100.00 target price on shares of Intel in a research report on Tuesday, May 12th. Finally, Moffett Nathanson downgraded Intel to a “neutral” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.46.
Check Out Our Latest Research Report on INTC Intel Price Performance Shares of NASDAQ INTC opened at $92.80 on Thursday. The company has a market capitalization of $468.08 billion, a PE ratio of -43.98 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $109.62 and its 200-day moving average price is $84.64. Intel Corporation has a twelve month low of $22.77 and a twelve month high of $142.35.
Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The business had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same period last year, the company posted ($0.10) earnings per share. Intel’s quarterly revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities analysts anticipate that Intel Corporation will post 1.01 EPS for the current year.
Insider Activity at Intel In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This trade represents a 8.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is owned by insiders.
Intel News Roundup Here are the key news stories impacting Intel this week:
Positive Sentiment: CEO Lip-Bu Tan purchased approximately $10 million of Intel stock, or more than 105,000 shares, at about $95 each. The open-market purchase signals management confidence in Intel’s turnaround, although it has not offset broader selling pressure. Insiders Are Buying Intel Positive Sentiment: Intel secured Socionext as a customer for its 18A-P process, supporting the company’s foundry strategy and suggesting progress in attracting external chip-design clients. Intel Lands Socionext for Chiplets Positive Sentiment: Analysts and industry coverage point to potential growth from AI PCs, edge AI, robotics, agentic-AI server demand and advanced packaging, where Intel is seeking to compete with Taiwan Semiconductor. The AI Boom Has a New Chip Shortage Neutral Sentiment: Intel GPU prices reportedly rose 48% in one month as memory costs increased. Higher prices could support revenue, but rising component costs may also weaken demand and margins. Intel GPU Prices Jump 48% Negative Sentiment: Intel and AMD are declining alongside a broader chip selloff tied to worries that AI infrastructure spending may be peaking. Softer sentiment toward major AI-chip demand has pressured the entire semiconductor group. Why Intel and AMD Stocks Are Falling Negative Sentiment: Investors remain concerned about dilution following Intel’s $20 billion equity offering and the stock’s sharp prior rally, which has raised valuation and profit-execution expectations. Intel’s $20 Billion Equity Raise Negative Sentiment: Recent Qualcomm testing highlighted competitive pressure from Snapdragon chips, adding to concerns about Intel’s position in client computing and power-efficient processors. Intel Stock After Snapdragon Testing Intel Company Profile (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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Key Takeaways Intel's CCPG revenues rose 13% to $8.88 billion in the second quarter of 2026.AI PC revenues surged 26% sequentially, with more than 400 Core Ultra Series 3 designs.Edge AI and robotics reached 10% of CCPG revenues, helping diversify growth beyond PCs. Intel Corporation (INTC - Free Report) is witnessing strong momentum in the Client Computing and Physical AI Group (CCPG). In the second quarter of 2026, revenues increased to $8.88 billion from $7.87 billion a year ago, up 13% year over year.
Growing adoption of AI PCs is one of the major growth drivers in the near term. The company reported that AI PC revenues surged 26% sequentially in the second quarter. INTC has significantly expanded the reach of its Core Ultra Series 3 portfolio, with more than 400 designs across consumer and commercial systems. Such a broad design pipeline gives Intel greater exposure to different PC categories and price points.
Intel is venturing beyond traditional PCs into edge AI, robotics and Physical AI. Edge deployments represent approximately 10% of CCPG revenues in the second quarter. More than 130 customers are adopting or testing Intel's Series 3 processors for edge AI and robotics applications. The emerging business could diversify CCPG’s revenue base and reduce its exposure to fluctuations in PC demand. Intel expects PC consumption to decline at a low-double-digit percentage rate in 2026 due to high memory prices and other constraints. Against this backdrop, Edge AI, robotics and Physical AI could provide Intel with additional revenue opportunities beyond the traditional PC market.
Enterprise AI adoption is also creating opportunities for Intel beyond processor upgrades. Intel highlighted strong momentum for its vPro manageability and security software. Intel’s integrated Arc graphics solutions have gained market adoption. The company reported more than 40 design wins across creator, workstation, commercial and gaming systems.
Hence, CCPG's growth story is not solely dependent on the PC market. While AI PC adoption is likely to remain a key near-term growth catalyst, Intel is also building new avenues through Edge AI, Physical AI, gaming and graphics.
How Are Competitors Faring?Intel faces strong competition from Advanced Micro Devices (AMD - Free Report) and Qualcomm Incorporated (QCOM - Free Report) across the AI PC and edge-computing markets. AMD is witnessing solid momentum in the client computing business. In the second quarter of 2026, AMD reported $3.1 billion in client revenues, up 23% year over year. The growth is backed by strong demand for Ryzen processors.
AMD is also actively expanding the Ryzen AI portfolio across commercial PCs and edge applications, and it is venturing into industrial automation and robotics. This could pose a major threat to Intel’s CCPG expansion initiatives.
Qualcomm is aiming to expand its presence in the AI PC market with its Snapdragon X2 platform. Management said its 2026 Snapdragon X2 PC platforms are in production and positioned to enable always-on agentic experiences, supported by a Hexagon NPU delivering up to 85 TOPS. Qualcomm's Dragonwing platforms also position the company to compete with Intel in the industrial edge AI market.
INTC’s Price Performance, Valuation and EstimatesIntel has skyrocketed 310.7% over the past year compared with the industry’s growth of 34.8%.
Image Source: Zacks Investment Research
Going by the price-to-book ratio, the company's shares currently trade at 4.73, lower than the industry average of 23.43.
Image Source: Zacks Investment Research
Earnings estimates for INTC for 2026 and 2027 have increased over the past 60 days.
Image Source: Zacks Investment Research
Intel stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Intel a AMD ve středu dál klesaly asi o 4 %, i když širší americký trh rostl. Slabost polovodičů přetrvala kvůli selektivnímu přístupu investorů v sektoru.
Intel INTC and AMD shares extended their declines on Wednesday, even as a broader recovery across US markets helped major stock indexes regain ground lost in the previous sessions.
The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all gained between 0.5% and 1% as Treasury yields eased following the US Treasury Department's announcement of an increased buyback operation for longer-term government debt.
Lower bond yields generally provide support to technology stocks by improving the relative appeal of future earnings.
But semiconductor stocks continued to lag.
The Philadelphia Semiconductor Index was down about 2%, with Broadcom also weighing on the group after Marvell Technology announced a custom AI chip agreement with Google.
Broadcom fell about 5%, while both Intel and AMD declined about 4% each.
The weakness suggests that investors remain selective within the chip sector, with company-specific concerns competing with the broader tailwinds from lower yields and continued AI spending.
Intel's decline has been partly driven by concerns surrounding the dilution created by its recently completed $20 billion common stock offering.
The offering, which closed on August 12 at $95 a share, involved approximately 210.5 million new shares and substantially increased the company's share count.
Bank of America estimates the additional shares could reduce Intel's earnings per share by about 4% to 5% as the dilution is incorporated into forward estimates.
The bank recently reduced its price target for Intel to $145 from $160 while maintaining a Buy rating.
At the same time, BofA has argued that the capital raise could strengthen Intel's ability to expand its foundry operations.
The size of the financing, according to the bank, demonstrates management's confidence that it can secure major customers for its manufacturing business.
UBS has also lowered its Intel price target, cutting it to $112 from $121 while retaining a Neutral rating.
The investment bank nevertheless said the capital raise could remove a major overhang for the stock by giving Intel the resources required to fund its foundry ambitions.
“When combined with pre-payments and financial commitments that we expect to accompany several forthcoming foundry deals (Google for EMIB-T, AAPL for M-Series, AMD, SPCX, and potentially a few more), we believe the raise will allow INTC to fund its foundry buildout,” UBS analyst Timothy Arcuri wrote in a note to clients.
“Overall we view the raise as a strong endorsement of INTC's confidence in its foundry roadmap.”
Intel has also received some positive signals from the credit markets.
Fitch Ratings on Monday affirmed Intel's Long-Term Issuer Default Rating and senior unsecured ratings at BBB, while maintaining its Short-Term IDR and commercial paper ratings at F2.
The ratings agency also revised its outlook to Stable from Negative.
Fitch said the decision reflected Intel's progress on its technology roadmap and better-than-expected operating performance.
The agency also viewed Intel's recent equity raise, which was aimed at supporting higher capital spending, as strengthening the company's ability to meet demand and reduce net debt.
Fitch expects Intel could begin reducing net debt in 2027 and bring EBITDA leverage below its 2.5 times negative rating sensitivity in the near term.
That provides some support for Intel's longer-term turnaround story, even as shareholders absorb the immediate impact of dilution.
AMD's decline also came despite continued optimism surrounding its position in AI infrastructure.
The chipmaker recently priced a $4.75 billion bond offering to support its expansion into artificial intelligence and data centers.
According to NAI 500, it was AMD's largest-ever US dollar bond financing.
The transaction gives AMD additional financial flexibility, including ahead of $875 million of debt scheduled to mature next month.
The financing comes as AMD attempts to capture a larger share of the AI accelerator market and strengthen its position as an alternative to Nvidia.
Wall Street remains broadly optimistic about the company's long-term opportunity.
Baird, UBS, Goldman Sachs, Cantor Fitzgerald and Barclays have raised their price targets in recent months, with targets ranging from about $600 to $1,250.
Analysts have pointed to AMD's CPUs and GPUs, its EPYC server processors and its potential role in AI data centers and rack-scale systems as key drivers of future growth.
Calamos Advisors LLC increased its holdings in Intel Corporation (NASDAQ:INTC – Free Report) by 30.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,268,305 shares of the chip maker’s stock after buying an additional 293,357 shares during the period. Intel accounts for approximately 0.6% of Calamos Advisors LLC’s portfolio, making the stock its 26th largest holding. Calamos Advisors LLC’s holdings in Intel were worth $177,093,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in INTC. Financially Speaking Inc increased its stake in Intel by 69.2% in the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after acquiring an additional 279 shares during the last quarter. Financial Life Planners purchased a new stake in shares of Intel in the 1st quarter valued at about $25,000. Swiss RE Ltd. bought a new stake in shares of Intel during the 4th quarter valued at about $29,000. Osbon Capital Management LLC bought a new stake in shares of Intel during the 4th quarter valued at about $30,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Intel by 3,185.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock worth $32,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.
Intel Stock Down 6.6% Shares of NASDAQ:INTC opened at $96.68 on Wednesday. The stock’s 50-day moving average price is $109.90 and its 200-day moving average price is $84.33. Intel Corporation has a 12-month low of $22.77 and a 12-month high of $142.35. The stock has a market capitalization of $487.65 billion, a P/E ratio of -45.82 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47.
Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The firm had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the previous year, the business earned ($0.10) earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities analysts anticipate that Intel Corporation will post 1.01 earnings per share for the current year. Insider Buying and Selling In related news, CEO Lip Bu Tan purchased 105,263 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.05% of the stock is owned by company insiders.
Key Stories Impacting Intel Here are the key news stories impacting Intel this week:
Positive Sentiment: CEO Lip-Bu Tan purchased approximately 105,263 Intel shares for $10 million at $95 each. The purchase signals management confidence in Intel’s turnaround, although it was not enough to offset broader selling pressure. CEO Lip-Bu Tan Just Bought Another 105,000 Shares of Intel Stock Positive Sentiment: Recent institutional filings showed substantial accumulation of Intel shares by Invesco, JPMorgan, FMR and Capital International. SoftBank also reported holding about 86.9 million shares, while a separate filing indicated Nvidia held nearly $30 billion of Intel stock. These positions support the long-term turnaround and foundry narrative, but they may reflect holdings as of June 30 rather than current activity. SoftBank Group put 67% of U.S. portfolio into Intel stock Neutral Sentiment: Intel announced plans to participate in an upcoming investor conference. The event could provide updates on manufacturing, foundry demand and AI strategy, but the announcement itself contained no new financial guidance. Intel Corporation to Participate in Upcoming Investor Conference Negative Sentiment: UBS cut its Intel price target to $112. The revision reinforced valuation concerns after the stock’s sharp yearlong rally, particularly because Intel remains loss-making and its turnaround depends on future foundry and AI execution. Intel Stock Plunges 7% as UBS Cuts Price Target to $112 Negative Sentiment: Qualcomm’s latest Snapdragon testing highlighted improving performance and power efficiency in an alternative processor platform, raising concerns about Intel’s competitiveness in PCs and other chip markets. Intel Stock Plummets 7% After Snapdragon Testing Negative Sentiment: Intel fell alongside AMD and other AI hardware names as rising borrowing costs, inflation and oil prices pressured high-growth technology stocks. Investors also questioned whether the pace of AI infrastructure spending can continue, while a major chip peer’s less-optimistic AI outlook weighed on the entire sector. Why are Intel and AMD stocks tanking up to 7% today? Negative Sentiment: Ongoing geopolitical tensions, including the Iran conflict, added to market-wide risk aversion and amplified the selloff in cyclical technology stocks. Why Intel Stock Is Falling Today Wall Street Analysts Forecast Growth INTC has been the topic of several research analyst reports. Cantor Fitzgerald decreased their price objective on shares of Intel from $150.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Rosenblatt Securities lifted their target price on shares of Intel from $65.00 to $80.00 and gave the company a “sell” rating in a research report on Friday, July 24th. Bank of America cut their price target on shares of Intel from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Stifel Nicolaus decreased their price target on shares of Intel from $120.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Finally, BTIG Research upgraded shares of Intel from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $107.46.
Get Our Latest Report on INTC
About Intel (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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Intel zrychluje tlak na pokročilé čipové balení, aby mohl v AI hardwaru vyzvat Taiwan Semiconductor. Analytik vidí šanci díky rostoucí poptávce po efektivnějším propojení procesorů a pamětí.
Intel Corp. (NASDAQ:INTC) is stepping up its push into advanced chip packaging as it seeks to challenge Taiwan Semiconductor Manufacturing Company Ltd.’s (NYSE:TSM) dominant position in a fast-growing AI hardware market where demand for more efficient links between processors and memory continues to rise.
Counterpoint Research analyst Neil Shah sees Intel’s chip-packaging strategy as a potential way to challenge Taiwan Semiconductor in the fast-growing AI hardware market, although he believes Intel still needs strong execution, customer support and manufacturing scale to close the gap.
Intel Targets a New AI BattlegroundShah said on Tuesday that he expects more than 130 million GPUs and custom AI accelerators to ship with advanced memory packaging over the next five years, generating nearly $2 trillion in computing revenue.
In his view, competition is increasingly shifting from simply making smaller chips toward finding better ways to connect processors, memory and other components.
That shift matters because AI systems need faster access to memory, more computing power and more efficient connections.
Shah sees these constraints as creating opportunities for companies to improve how the different parts of an AI system work together.
Intel Builds Alternatives to Taiwan SemiconductorIntel is developing three approaches to compete in this area.
Its EMIB technology already operates commercially, while Z-Angle Memory (ZAM), developed with SoftBank Group Corp’s (OTC:SFTBY) SAIMEMORY, targets newer high-speed memory systems.
Intel is also developing Cross-Batch Memory (XBM) as a longer-term approach to redesigning the connection between processors and memory.
Shah sees an opening because Taiwan Semiconductor’s widely used Chip-on-Wafer-on-Substrate (CoWoS) technology can involve high costs, manufacturing risks, capacity constraints and costly waste when production problems occur.
Taiwan Semiconductor Still Holds the AdvantageDespite Intel’s opportunity, Shah said Taiwan Semiconductor retains the stronger position because it leads in large-scale manufacturing, has a more mature technology platform and benefits from broad industry adoption.
Intel’s ability to mount a serious challenge will therefore depend on whether it can deliver its technologies on schedule, attract major customers and memory suppliers, and overcome heat and integration challenges.
Shah’s broader view is that packaging will become an increasingly important battleground in the competitive landscape as AI systems demand more tightly integrated processors and memory.
Top ETF Exposure iShares Semiconductor ETF (NASDAQ:SOXX): 5.53% Weight iShares MSCI USA Momentum Factor ETF (BATS:MTUM): 5.12% Weight State Street SPDR NYSE Technology ETF (NYSE:XNTK): 5.86% Weight Significance: Because INTC carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
Price ActionINTC Stock Price Activity: Intel shares were trading higher by 1.02% at $97.67 during premarket trading on Wednesday, according to Benzinga Pro data.
Intel a AMD v úterý klesly o 4 % kvůli rostoucím výnosům dluhopisů, které tlačí na technologické tituly. 13F filings zároveň ukázaly výrazně koncentrované sázky na Intel u NVIDIA a SoftBank.
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Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are down 4% to $98.60 Tuesday morning, sliding with the broader chip group as rising Treasury yields pressure high-multiple technology names. Advanced Micro Devices (NASDAQ:AMD) stock is down 4% to $487.89. NVIDIA (NASDAQ:NVDA) stock is down 2% to $220.22.
The pullback lands on top of enormous 2026 runs. Through Monday’s close, Intel stock was up 180% year to date (YTD), AMD stock was up 136% YTD, and NVIDIA stock had gained 21% YTD. The bigger story sitting under Tuesday’s session is what quarterly institutional filings disclosed about who was crowding into Intel as of June 30.
Concentrated Chip Bets Revealed in 13F Filings
Quarterly 13F filings are point-in-time snapshots as of June 30, disclosed roughly 45 days after quarter close. They cover only disclosed U.S. equity holdings, not entire balance sheets, and the positions may already have changed. NVIDIA disclosed 214,776,632 Intel shares valued at $29,989,261,126, representing 47.27% of its disclosed equity portfolio.
That’s an extraordinary single-name weight for any disclosed institutional book, and the striking detail is that Intel competes directly with NVIDIA in parts of the data center market. Because 13F filings exclude index managers and non-U.S. holdings, this figure should not be read as a claim about NVIDIA’s overall capital allocation or Intel’s largest shareholder.
The widely covered angle involved SoftBank Group, listed in Tokyo. SoftBank disclosed 86,956,522 Intel shares valued at $12,141,739,167, representing 66.81% of its disclosed U.S. equity portfolio. This builds on SoftBank’s $2 billion strategic investment in Intel that closed in the third quarter of 2025, and SoftBank reported first-quarter fiscal 2026 net income of 347.3 billion yen, driven by a 1.3 trillion yen gain on Intel stock.
Coatue Management disclosed a new Intel position of 12,084,027 shares valued at $1,687,292,689, representing 3.47% of its portfolio. Tiger Global Management added to its Intel position, while D. E. Shaw, Renaissance Technologies and Point72 Asset Management each trimmed their Intel positions. On the bearish side, Millennium Management disclosed a put position on 7,398,900 underlying Intel shares as of June 30, which is a bearish bet rather than ownership.
Peer Read: Advanced Micro Devices and NVIDIA
Advanced Micro Devices is Intel’s direct competitor in processors, and AMD stock is tracking Intel lower on the day. NVIDIA plays a dual role in Tuesday’s story as both a data center rival to Intel and the holder of the largest disclosed Intel position in the June 30 filings.
NVIDIA stock is falling less than Intel and AMD on the session and carries a much smaller 2026 gain, which is consistent with the most-appreciated names getting hit hardest in a rate-driven pullback. Intel’s fundamentals still look supportive: second-quarter fiscal 2026 revenue was $16.128 billion, a 25.4% increase year over year, with the Data Center and AI segment rising 59% to $6.262 billion (the same buildout is lifting suppliers beyond the chipmakers, which we mapped in a report here: 7 Stocks Powering the AI Boom). Intel guided third-quarter 2026 revenue to a range of $15.8 billion to $16.8 billion.
Sector ETF Tracks the Move
The iShares Semiconductor ETF (NASDAQ:SOXX) is down 4% to $537.48, matching Intel’s percentage decline on the day. Through Monday’s close, the ETF was up 86% YTD.
The fund is a sector product carrying concentration risk relative to the broad market, and it is not leveraged. The parallel move across Intel, AMD and the ETF signals Tuesday’s action is a sector-wide rate story rather than anything specific to Intel.
What to Watch
The filings snapshot is backward-looking. The open questions from here are whether the next round of quarterly filings shows these concentrated Intel positions maintained, reduced or exited, and whether yields keep pressuring the group.
Investors could look for signs that Intel’s third-quarter results land inside the guided range. Traders may want to keep an eye on whether the semiconductor ETF holds recent support as the session progresses.
Contact [email protected] for any questions or corrections.
Intel má v portfoliu jen dvě akcie za 620 milionů USD: 50 milionů akcií Mobileye za 484 milionů USD a 15,3 milionu akcií Joby Aviation za 136,6 milionu USD. Obě sází na autonomní mobilitu řízenou AI.
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For a company with a $541.83 billion market cap, Intel (NASDAQ:INTC | INTC Price Prediction) runs an almost comically small disclosed equity book. Its Q2 2026 13F filing lists exactly two positions worth a combined $620 million as of June 30, 2026. Both are bets on autonomous, AI-driven mobility. Both are down sharply in 2026. And both sit at the intersection of CEO Lip-Bu Tan’s edge-AI thesis.
The concentration is striking. 50 million shares of Mobileye account for $484 million, or 77.99% of the portfolio, with 15.3 million shares of Joby Aviation making up the remaining $136.6 million, or 22.01%. The entire book concentrates on two companies tied to physical AI.
The Mobileye Legacy Stake
Mobileye (NASDAQ:MBLY) is the residue of Intel’s 2017 acquisition and 2022 spinout. The autonomous driving unit posted Q2 2026 revenue of $508 million (+0.4% YoY) and adjusted EPS of $0.19 versus a $0.04 loss estimate.
CEO Amnon Shashua told investors, “Our foundation is robust and highly profitable, boosted by the recently enacted R&D Law which we expect to sustainably raise the margin baseline of the business.”
The stake is far from unblemished. Intel recorded a $4.07 billion Q1 2026 restructuring charge largely tied to Mobileye goodwill impairment. Mobileye shares are down 11.59% year to date and 34.12% over the past year, closing at $9.23 on August 17, 2026. Analysts still carry a $12.10 average target, with five Strong Buys, eight Buys, and 14 Holds.
The Joby Wild Card
Joby Aviation (NYSE:JOBY) is the more unusual position for a semiconductor company. The eVTOL developer generated quarterly revenue growth of 2,574.93% YoY off a low base and burned enough cash to produce negative EBITDA of $838.78 million. Shares trade at 67.36 times sales and are off 40.08% year to date, closing at $7.91.
CEO JoeBen Bevirt framed the quarter this way: “With meaningful progress on certification, partnerships, infrastructure and commercial readiness, we are unlocking the third dimension of mobility and turning electric vertical flight from an extraordinary technology into an everyday reality.”
FAA type certification is progressing, with Stage 3 at 83% and Stage 4 at 20%, and first passenger flights are targeted for 2026.
What It Signals
Tan is treating these as active strategic bets. On the Q2 2026 call, he renamed the Client Computing group to recognize “the growing opportunity for AI at the edge,” which he said is “likely to at least match the client TAM over time.” Mobileye and Joby are effectively public-market expressions of that edge-AI thesis.
Intel itself is up 180.46% year to date, riding Q2 revenue of $16.13 billion (+25.4% YoY) and Data Center & AI growth of 59%. Against a $30 billion cash position, the $620 million book is a rounding error.
But it is the clearest public signal of where Tan thinks silicon meets the physical world next. Retail holders should watch two things: any further Mobileye impairment testing tied to the depressed share price, and whether Joby’s late-2026 certification milestones justify keeping the stake intact.
Contact [email protected] for any questions or corrections.
Ethic Inc. increased its holdings in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 498,001 shares of the chip maker’s stock after acquiring an additional 27,839 shares during the quarter. Intel makes up approximately 0.9% of Ethic Inc.’s holdings, making the stock its 16th biggest holding. Ethic Inc.’s holdings in Intel were worth $69,536,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Intel by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after acquiring an additional 13,692,624 shares during the last quarter. State Street Corp increased its holdings in shares of Intel by 2.8% in the 4th quarter. State Street Corp now owns 208,536,784 shares of the chip maker’s stock worth $7,695,007,000 after acquiring an additional 5,714,400 shares during the period. Capital World Investors lifted its position in Intel by 20.3% in the 4th quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock valued at $3,839,833,000 after purchasing an additional 17,557,147 shares during the last quarter. Geode Capital Management LLC lifted its position in Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker’s stock valued at $3,744,406,000 after purchasing an additional 3,124,798 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Intel by 20.4% during the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock valued at $2,407,698,000 after purchasing an additional 11,056,090 shares during the period. Institutional investors own 64.53% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities research analysts have recently weighed in on INTC shares. Evercore set a $95.00 price target on Intel in a report on Friday, April 24th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Intel in a report on Tuesday, July 21st. Melius Research set a $150.00 target price on Intel in a research report on Monday, May 18th. BNP Paribas Exane raised Intel from an “underperform” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, April 21st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $110.00 price target on shares of Intel in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $107.46.
View Our Latest Report on Intel Intel Price Performance Shares of NASDAQ INTC opened at $103.49 on Tuesday. Intel Corporation has a twelve month low of $22.77 and a twelve month high of $142.35. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $110.12 and a two-hundred day moving average of $83.99. The company has a market capitalization of $522.00 billion, a price-to-earnings ratio of -49.05 and a beta of 2.22.
Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company had revenue of $16.13 billion for the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter in the previous year, the company posted ($0.10) EPS. The business’s revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, analysts expect that Intel Corporation will post 1.01 earnings per share for the current fiscal year.
Intel News Roundup Here are the key news stories impacting Intel this week:
Positive Sentiment: CEO Lip-Bu Tan disclosed a purchase of 105,263 Intel shares at $95 each, worth approximately $10 million. His investment is being viewed as a strong vote of confidence in Intel’s recovery strategy. Intel CEO insider purchase Positive Sentiment: Intel’s recently upsized equity offering is expected to provide roughly $20 billion to $23 billion for investments in manufacturing, AI and the foundry business. Reports of improving yields at GlobalFoundries and broader customer interest support the possibility of progress in Intel Foundry. Intel’s capital raise and foundry progress Positive Sentiment: SoftBank Group reportedly allocated 66.81% of its disclosed U.S. equity portfolio to Intel, potentially reinforcing the view that the chipmaker could benefit from the long-term AI infrastructure buildout. SoftBank’s Intel investment Positive Sentiment: Intel participated in a broader rally across chip and memory stocks as investors continued to favor companies exposed to strong AI spending and semiconductor infrastructure demand. Semiconductor stock market moves Neutral Sentiment: CEO Tan said Intel is exploring new memory architectures that bring memory and processors closer together. The initiative could expand Intel’s AI opportunity, but it is still exploratory and offers no near-term revenue assurance. Intel explores memory architectures Neutral Sentiment: Institutional signals are mixed: some reports describe new or enlarged semiconductor positions, while Stanley Druckenmiller’s fund was reported to have sold Intel in the second quarter. Druckenmiller’s Intel position Negative Sentiment: The equity raise strengthens Intel’s balance sheet but dilutes existing shareholders and raises the execution burden for the turnaround. Intel’s secondary share sale Negative Sentiment: At roughly 62 times expected next year’s earnings, Intel’s valuation assumes substantial future profitability even though the company reportedly lost about $11 billion over the past year, much of it noncash. Intel valuation and recent losses Insider Transactions at Intel In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the transaction, the chief executive officer owned 1,314,669 shares in the company, valued at $124,893,555. This represents a 8.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.
Intel Company Profile (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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First National Trust Co ve 2. čtvrtletí snížila podíl v Intelu o 12,1 % a prodala 5 719 akcií. Po transakci držela 41 355 akcií v hodnotě 5,774 milionu USD.
First National Trust Co decreased its stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 12.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 41,355 shares of the chip maker’s stock after selling 5,719 shares during the period. First National Trust Co’s holdings in Intel were worth $5,774,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the stock. Financially Speaking Inc boosted its position in Intel by 69.2% during the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after purchasing an additional 279 shares during the period. Financial Life Planners acquired a new position in Intel during the first quarter valued at approximately $25,000. Swiss RE Ltd. bought a new position in shares of Intel in the fourth quarter valued at approximately $29,000. Osbon Capital Management LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $30,000. Finally, Beaird Harris Wealth Management LLC lifted its stake in shares of Intel by 3,185.7% in the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock worth $32,000 after buying an additional 223 shares during the last quarter. 64.53% of the stock is owned by institutional investors.
More Intel News Here are the key news stories impacting Intel this week:
Positive Sentiment: CEO Lip-Bu Tan disclosed a purchase of 105,263 Intel shares at $95 each, worth approximately $10 million. His investment is being viewed as a strong vote of confidence in Intel’s recovery strategy. Intel CEO insider purchase Positive Sentiment: Intel’s recently upsized equity offering is expected to provide roughly $20 billion to $23 billion for investments in manufacturing, AI and the foundry business. Reports of improving yields at GlobalFoundries and broader customer interest support the possibility of progress in Intel Foundry. Intel’s capital raise and foundry progress Positive Sentiment: SoftBank Group reportedly allocated 66.81% of its disclosed U.S. equity portfolio to Intel, potentially reinforcing the view that the chipmaker could benefit from the long-term AI infrastructure buildout. SoftBank’s Intel investment Positive Sentiment: Intel participated in a broader rally across chip and memory stocks as investors continued to favor companies exposed to strong AI spending and semiconductor infrastructure demand. Semiconductor stock market moves Neutral Sentiment: CEO Tan said Intel is exploring new memory architectures that bring memory and processors closer together. The initiative could expand Intel’s AI opportunity, but it is still exploratory and offers no near-term revenue assurance. Intel explores memory architectures Neutral Sentiment: Institutional signals are mixed: some reports describe new or enlarged semiconductor positions, while Stanley Druckenmiller’s fund was reported to have sold Intel in the second quarter. Druckenmiller’s Intel position Negative Sentiment: The equity raise strengthens Intel’s balance sheet but dilutes existing shareholders and raises the execution burden for the turnaround. Intel’s secondary share sale Negative Sentiment: At roughly 62 times expected next year’s earnings, Intel’s valuation assumes substantial future profitability even though the company reportedly lost about $11 billion over the past year, much of it noncash. Intel valuation and recent losses Intel Trading Up 1.0% Shares of INTC stock opened at $103.49 on Tuesday. The firm has a market capitalization of $522.00 billion, a P/E ratio of -49.05 and a beta of 2.22. Intel Corporation has a 1 year low of $22.77 and a 1 year high of $142.35. The firm’s fifty day simple moving average is $110.12 and its 200 day simple moving average is $83.99. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The firm had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The business’s revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, sell-side analysts predict that Intel Corporation will post 1.01 EPS for the current year.
Analysts Set New Price Targets Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $100.00 price objective on shares of Intel in a report on Tuesday, May 12th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, July 24th. HC Wainwright set a $150.00 target price on shares of Intel in a research report on Monday, June 29th. Raymond James Financial upgraded shares of Intel from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Finally, Tigress Financial raised their price target on Intel from $66.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $107.46.
Check Out Our Latest Report on Intel
Insider Activity at Intel In related news, CEO Lip Bu Tan bought 105,263 shares of Intel stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.
About Intel (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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Intel (INTC +0.97%) carries one of the stranger price tags in the market right now. The chipmaker's net loss over the past year comes to about $11.3 billion. Its stock, meanwhile, trades at about $105 as of this writing, up more than 350% from its 52-week low of $22.78. And it costs about 62 times what the company is expected to earn on an adjusted basis over the year ahead.
A company losing billions doesn't usually command a $550 billion market value and a premium growth multiple at the same time. The market has decided Intel's losses aren't what they appear, and on that point, I think the market is right.
Whether the stock is worth that price is a different matter.
Image source: Intel.
Charges, not cashThe second quarter shows what the red ink is made of. Intel reported an $11.0 billion net loss for a quarter in which revenue climbed 25% from a year earlier to $16.1 billion.
Nearly all of the loss traces to a $12.5 billion non-cash, mark-to-market charge on shares Intel holds in escrow for the U.S. government under its CHIPS Act agreement. The first quarter followed the same pattern, with a $3.7 billion net loss that included a $3.9 billion goodwill impairment and another $1.1 billion escrow charge.
Set those items aside, and Intel is already profitable. Non-GAAP (adjusted) net income was $1.5 billion in the first quarter and $2.2 billion in the second.
Gross margin is climbing, too: 39.4% in the first quarter, 40.4% in the second, and management guided to 41% for the third -- a steady expansion. And revenue growth accelerated, from 7% year over year in the first quarter to 25% in the second. Management's own forecast even calls for positive earnings of $0.31 per share in the third quarter on a GAAP basis.
In other words, the swing from red ink to black is already underway.
What is 62 times buying?The loss, then, is mostly an accounting story. The stock's valuation is harder to explain away.
At about $105 a share, Intel trades at roughly 62 times its projected adjusted earnings for the year ahead -- projections that work out to only about $1.70 per share from a company valued at $550 billion. And management's own third-quarter guidance implies something similar. Annualize its guided $0.38 of adjusted earnings per share, and shares trade at roughly 70 times the company's current earnings pace.
Demand isn't the concern. CEO Lip-Bu Tan said in the company's second-quarter earnings release that "AI is driving unprecedented demand for compute," and the numbers back him up. Revenue in Intel's data center and artificial intelligence (AI) segment rose 59% year over year to $6.3 billion last quarter.
Growth like that could well continue. After all, management says supply, not demand, is what limits the business right now.
But growth that has already shown up doesn't get a stock to 62 times earnings on its own. The rest of the price rests on something that hasn't happened yet.
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The $8 billion swingThat something is the foundry. Intel's products businesses already earn plenty. The client computing and physical AI group posted $2.3 billion of operating profit last quarter, and the data center and AI group earned $2.5 billion. Intel Foundry, the chip-manufacturing arm, gave $2.1 billion of that back -- a loss pace of more than $8 billion a year.
Chief Financial Officer Dave Zinsner said last year that the foundry was on track to break even sometime in 2027, and the losses are narrowing, down from $2.4 billion a quarter earlier. Ending them would roughly double the company's current adjusted earnings pace all by itself. Much of that swing, I'd argue, is already baked into the stock's price.
However, the foundry is still overwhelmingly Intel's own customer. External customers supplied $293 million of the unit's $5.8 billion in second-quarter revenue. Intel 14A, the manufacturing process meant to win outside chip designers at scale, isn't scheduled for high-volume production until 2028, so meaningful outside revenue may be a couple of years away.
And the spending comes first. Intel raised its 2026 capital spending outlook to more than $20 billion, expects significantly higher spending in 2027, and sold $20 billion of new stock at $95 a share this month for general corporate purposes.
The turnaround looks impressive. Revenue is accelerating, margins are expanding, and the adjusted bottom line has been positive for two quarters running.
My problem is the price. A 62-times-forward multiple leaves the stock priced for a foundry payoff that still depends on customers who mostly haven't signed yet. Even a company executing this well can be an expensive stock, and I think Intel is one right now.
Intel získal 23 miliard USD, což podle GF Securities naznačuje zlepšení foundry divize díky vyšším výtěžnostem, většímu zájmu klientů a investicím do vybavení.
The chipmaker Intel Corp. (INTC, Financials), seeking to restore its foundry division may be showing actual indications of improvement after raising $23 billion this week.
GF Securities said the offering appears constructive on the back of rising yields, more client involvement and ongoing equipment investment.
The firm forecasts Intel Foundry to be cash flow break-even in Q4 of 2027 with improved margins in 2028. Analyst Jeff Pu also cited strong 18A yields and client engagement, especially from Apple.
Intel's EMIB packaging business might possibly expand beyond Google to AWS and others. GF forecasts EMIB revenues to be roughly $1.1 billion in 2027 and up to $7 billion in 2028.
Intel had originally expected to raise $15 billion, but the size was boosted to $23 billion because of tremendous demand.
The greater concern for investors is whether the new money can translate foundry advances into considerable revenue growth.
Generální ředitel Intelu Lip-Bu Tan koupil na trhu 105 263 akcií za 95 USD za kus, tedy za 10 milionů USD. Jeho podíl tak vzrostl na zhruba 1,3 milionu akcií.
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Insider buying tends to cluster in one of two places: distressed stocks trading for pennies on the dollar, or beaten-down names an executive believes the market has mispriced. It rarely shows up in a stock that has already tripled. Yet last Tuesday, Intel (NASDAQ:INTC | INTC Price Prediction) CEO Lip-Bu Tan did exactly that, purchasing shares in the open market after his company’s stock had already run higher for months.
According to a Form 4 he filed with the Securities and Exchange Commission, Tan bought 105,263 shares at $95.00 apiece — a $10 million bet placed through a family trust, and one that says something specific about how Intel’s own chief executive sees the road ahead.
Why This Purchase Is Different
Executives receive stock constantly through option grants, restricted stock units, and vesting schedules. None of that requires conviction — it’s compensation, not a decision. What Tan did was pull $10 million out of his own pocket and put it into Intel stock at the same $95 price ordinary investors paid in the company’s concurrent $20 billion secondary offering.
That distinction matters. As legendary Fidelity manager Peter Lynch put it, insiders can sell their shares for any number of reasons — a new house, a divorce, diversification, taxes — but they only buy for one: they think the stock is going higher. Tan wasn’t required to participate in this offering at all. He chose to, at full market price, with no discount and no guarantee.
Most insiders sell at the peak. Lip-Bu Tan just dropped $10 million of his own cash to double down on Intel’s massive AI-fueled explosion.
A Stake That’s Grown to 1.3 Million Shares
This purchase wasn’t an isolated gesture. Combined with his existing holdings, Tan’s beneficial ownership now stands at roughly 1.3 million shares — 1,314,669 held indirectly through the family trust, another 16,471 held directly, and 500 shares through his 401(k), per the same SEC filing. That’s a personal stake worth well over $130 million at current prices, all riding on Intel’s turnaround succeeding.
The timing adds weight. Intel shares are up approximately 177% in 2026 and roughly 329% over the trailing 12 months. The breakout began in April, when Intel’s Foundry unit announced manufacturing partnerships with Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOG) for chip manufacturing and processes. Those deals landed alongside a first-quarter earnings report that demolished expectations — revenue of $13.58 billion against a consensus near $12.5 billion, and non-GAAP EPS of $0.29 versus an estimate of roughly a penny. Shares gained 114% that month alone.
Why Tan May Think Intel Isn’t Finished Climbing
The momentum hasn’t faded. Intel’s second-quarter revenue reached $16.13 billion, up 25% year-over-year, and the company guided third-quarter revenue to $15.8 billion to $16.8 billion, ahead of the FactSet consensus near $15.1 billion at the time. Data Center and AI revenue grew 22% year over year in Q1 alone, and management has said AI-linked businesses now make up roughly 60% of total revenue.
Here’s how that growth stacks up against the chip sector’s other momentum names, based on year-to-date performance and trailing P/E ratios as of mid-August:
Company
2026 YTD Return
Trailing P/E
Intel
177%
Not meaningful (net loss)
Advanced Micro Devices (NASDAQ:AMD)
140%
131x
Broadcom (NASDAQ:AVGO)
13.5%
65x
Nvidia (NASDAQ:NVDA)
21%
34x
Intel still isn’t consistently profitable on a GAAP basis, which is exactly why a P/E comparison breaks down and why Tan’s purchase carries more signal than a valuation multiple could. He’s betting on execution — 18A foundry ramp, AI data center demand, and a $20 billion capital raise funding both — not on a chart.
Key Takeaway
Granted, one CEO’s purchase doesn’t guarantee a stock keeps climbing, and Intel remains a turnaround story with real execution risk on foundry yields and AI competition from Nvidia and AMD. That said, a sitting CEO writing a $10 million personal check at the same price the public paid, on top of an already-sizable stake, is the kind of signal Lynch would have flagged immediately.
For investors who believe in the AI-driven data center thesis but have hesitated on Intel specifically, Tan’s own money says he’s not waiting for a pullback.
Contact [email protected] for any questions or corrections.
Cerebras klesá v poledním obchodování o zhruba 13 % po výsledcích za fiskální Q2 2026. Tržby 180,11 mil. USD sice meziročně vzrostly o 74 %, ale zaostaly za odhadem.
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Shares of Cerebras Systems (NASDAQ:CBRS) are down roughly 13% in midday trading on Thursday, changing hands near $225 after closing Wednesday at $262. The move stands out because most of the AI hardware complex is higher, with the sector outperforming the broader market average.
Raise and Beat on Core, Miss on the Headline
Cerebras reported fiscal Q2 2026 results after the close Wednesday. GAAP revenue came in at $180.11 million, up 74% year over year but missing consensus of $193.55 million by 7%. GAAP EPS of -$2.98 looks catastrophic against a -$0.18 estimate, but the headline is heavily distorted by $377.0 million of stock-based compensation and $44.3 million of customer warrant amortization. Strip those out and core revenue was $209.87 million, up 103%, with core gross margin of 40.6% and cloud revenue up 281% to $125.99 million.
Management also raised full-year 2026 core revenue guidance to $880 to $890 million from a prior $855 to $865 million, guided Q3 to $214 to $216 million, and disclosed remaining performance obligations of $25.4 billion with plans to more than triple revenue in 2027. CEO Andrew Feldman said, “This was an outstanding quarter for Cerebras. Core revenue more than doubled to $210 million, and our cloud business nearly quadrupled year-over-year.” The market is punishing the consensus revenue miss, the GAAP optics, and a valuation that had run hot into the report. Cerebras IPO’d in May 2026 at $185 and had ripped higher since.
The Rest of the AI Complex Is Bid
Everything else in the AI logic and infrastructure trade is higher. Intel (NASDAQ:INTC | INTC Price Prediction) and Advanced Micro Devices (NASDAQ:AMD) are riding broad enthusiasm for the AI trade rather than any single company catalyst today.
In company-specific news, AMD is preparing a $5 billion debt offering while Intel received positive analyst commentary. UBS issued a note on Intel’s $20 billion equity raise that framed it as “removing an overhang.”
There’s also positive read-through from server companies. Yesterday Super Micro Computer (NASDAQ:SMCI) lit up the sector after guiding fiscal 2027 revenue to $65 billion to $72 billion versus Street expectations of $53.3 billion. Lenovo added fuel this morning, reporting April to June revenue of $26.94 billion, up 43% year over year, with an AI server pipeline that surged to $54 billion, up 157% sequentially.
The read-through is spreading across memory, semiconductor equipment, interconnect, and AI server names, with Micron bid on memory pricing strength, Applied Materials participating on equipment demand, Marvell Technology one of the day’s leaders on interconnect, and Dell Technologies catching an AI server tailwind after Morgan Stanley upgraded its US IT hardware view to In-Line from Cautious.
Today’s Move vs. Year to Date
Ticker
Today
Year to Date
CBRS
-14%
N/A (IPO May 2026)
INTC
+6%
+174%
AMD
+2%
+126%
MRVL
+5%
+156%
SMCI
+11%
+28%
MU
+6%
+219%
DELL
+4%
+288%
AMAT
+2%
+114%
Across the broader technology and AI infrastructure space, stocks are broadly rallying today witht he exception of Cerebras. SanDisk hosted its investor day today and forecast non-GAAP gross margins at 80% between 2028 and 2030. That’s extremely bullish for memory companies, although its an unwelcome prediction for companies like Apple bearing the brunt of memory costs.
Contact [email protected] for any questions or corrections.
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Jim Cramer put Intel (NASDAQ:INTC | INTC Price Prediction) back in the spotlight this afternoon, telling followers on X that the chipmaker will be a “major focus name” on the CNBC Investing Club segment, with specific attention on CEO Lip-Bu Tan. The post landed Wednesday, August 12, 2026, teeing up Thursday’s Club discussion and directing retail investor attention toward one of the most closely followed turnaround stories in semiconductors.
Cramer has been building this narrative for months. On his May 18, 2026 Mad Money broadcast, he told viewers that when Tan took the CEO job, the stock was “sitting at around 20 bucks.” He went on to describe the recovery “one of the greatest turnarounds I’ve ever seen.” By June 30, he was calling Intel “currently my favorite stock.”
The Turnaround by the Numbers Intel shares changed hands at $102.15 as of August 12, 2026, following a 4.6% bounce in the session off a recent pullback. The longer lookback tells the real story: shares are up 176.8% year to date and 368.3% over the past year, climbing from a 52-week low of $21.36. Market cap now sits near $515.2 billion.
The rally has been powered by operating results. Intel’s Q2 2026 revenue hit $16.128 billion, up 25.42% year over year and 11.64% above consensus. Non-GAAP EPS came in at $0.42 against a $0.2166 estimate, a 93.1% beat. In the Q2 earnings release filed with the SEC, Tan called it “our strongest revenue growth in more than 15 years.”
Segment mix is where the AI thesis becomes firm. Data Center and AI (DCAI) revenue jumped 59% year over year to $6.262 billion. Client Computing and Physical AI came in at $8.877 billion, up 13%. Intel Foundry revenue reached $5.765 billion, up 31%, though the segment still ran a $2.1 billion operating loss for the quarter.
What Tan Is Building On the earnings call, Tan framed Intel’s position around hard-core AI compute demand, saying “strong demand for our products continues to outpace our growing supply” as the company notched its seventh consecutive quarter of beating financial expectations. He also flagged the process roadmap: Intel 18A output ran roughly 25% above target with yields tracking ahead of expectations, and the company committed to a high-volume ramp of Intel 14A in 2028.
Intel has also received two high-profile votes of confidence. NVIDIA (NASDAQ: NVDA) and the U.S. government took stakes last year, investments Cramer has repeatedly pointed to as proof the turnaround is gaining traction. Intel plans to spend more than $20 billion on capex in 2026 and “significantly” more in 2027, boosting its U.S. investment since 2021 closer to $100 billion.
What Wall Street Sees While Cramer is amped up, the Street remains cautious. Analyst consensus rating skews neutral, with 31 Hold ratings, 12 Buys, 2 Strong Buys, 2 Sells and 1 Strong Sell. The consensus price target sits at $114.05, implying modest upside from current levels. Valuation reflects the recovery: shares trade at a forward P/E of 77 and price-to-sales of 8.64, though the PEG ratio of 0.501 suggests growth is doing some of the work.
What to Watch Next Intel guided Q3 2026 revenue to between $15.8 billion and $16.8 billion, non-GAAP EPS of $0.38, and non-GAAP gross margin near 42%. The market has been unforgiving on earnings reports: even after the Q2 beat, shares fell 7.89% on the earnings day, and INTC is down 7.01% over the past month. Foundry losses, U.S. government equity ownership, and competitive pressure from AMD (NASDAQ:AMD) and ARM-based server designs remain the near-term overhangs Cramer’s Club audience will likely hear discussed on the risk/reward side.
Contact [email protected] for any questions or corrections.
Akcie Intelu ve středu vzrostly o 4 % po navýšení nabídky akcií na 20 miliard USD. Bank of America sice čeká 4% až 5% zředění EPS, ale ponechala doporučení Buy kvůli foundry strategii.
Intel stock INTC surged 4% on Wednesday after its recent $20 billion stock offering.
While Bank of America said the stock offering may dilute earnings in the near term, the analyst sees the move as growing confidence in the chipmarker's long term foundry strategy.
BofA estimates the additional shares issued through the equity raise could dilute Intel's earnings per share (EPS) by roughly 4% to 5%.
Despite the short-term impact, the brokerage maintained its Buy rating on the stock while lowering its price target to $145 from $160.
BofA described the capital raise as a "good leading indicator" of management's increasing conviction in Intel Foundry.
While acknowledging that issuing new shares would pressure near-term EPS, the firm said expanding the foundry business and attracting additional customers could ultimately offset the dilution through stronger revenue growth and operational efficiencies.
The brokerage lowered its price target primarily to reflect the expected EPS dilution from the offering and the recent rerating across AI-compute companies, which has pushed valuation multiples higher throughout the semiconductor sector.
Intel announced earlier this week that it had upsized its planned stock offering from $15 billion to $20 billion, pricing the shares at $95 each.
The company expects net proceeds of approximately $19.7 billion, while underwriters also have a 30-day option to purchase an additional $3 billion worth of shares.
Intel CEO Lip-Bu Tan said investor appetite exceeded expectations, noting in a post on X that the offering was "oversubscribed by more than five times" the company's initial $15 billion target.
The company said customers continue to signal a "strong and sustainable demand environment" driven by unprecedented investment in AI computing.
Intel identified physical AI, purpose-built silicon, advanced packaging and external wafers as key areas of growth, adding that the proceeds would support these investments while preserving a strong balance sheet and maintaining its investment-grade credit rating.
The US government, which held a 9.9% stake before the offering, reportedly did not participate in the transaction.
According to earlier reports, Commerce Secretary Howard Lutnick approved the offering plan after discussions with Intel's chief executive.
Seeking Alpha said the enlarged equity raise strengthens Intel's financial position and provides additional capital to accelerate its manufacturing expansion, describing the timing as favorable despite the share dilution.
The report noted that Intel has steadily increased its share count over the past two years to finance its turnaround, with the latest offering expected to lift the pro forma share count to roughly 5.35 billion shares.
Pro forma cash holdings are projected to increase to about $53 billion, largely offsetting the company's debt burden.
Intel continues to invest heavily in its foundry business, including expanding manufacturing capacity and repurchasing a 49% stake in its Ireland fabrication plant.
The company also reported improving financial performance in the second quarter, with revenue rising to $16.1 billion, supported by strong growth in its data center and foundry operations.
However, Seeking Alpha cautioned that the company's recovery is still in its early stages.
It noted that while profitability has improved and operating leverage has strengthened following workforce reductions, Intel's sales outlook remains modest and the stock now trades at significantly higher valuation multiples than in previous years.
The report concluded that investors have become more optimistic about Intel's turnaround, but execution remains critical.
While the capital raise reinforces confidence in the company's long-term strategy, Intel still faces the challenge of delivering sustained growth and improving margins to justify its higher valuation.
Intel ve 2. čtvrtletí 2026 zvýšil tržby o 25 % na 16,1 mld. USD, podpořený růstem DCAI o 59 % na 6,3 mld. USD. Tržby z AI PC vzrostly oproti předchozímu čtvrtletí o 26 % a tvořily zhruba dvě třetiny tržeb klientské divize.
Key Takeaways Intel's Q2 2026 revenue rose 25% to $16.1B, with DCAI sales surging 59% to $6.3B.AI PC revenue climbed 26% sequentially and made up roughly two-thirds of Intel's client revenue.Intel is boosting wafer output and 18A production, while export limits and pricing pressure weigh on margins. Intel Corporation (INTC - Free Report) appears to be gaining momentum, with improving revenues highlighting a significant turnaround in the chipmaker’s fortunes. Strength across the data center and client computing businesses, growing AI-related demand and improving manufacturing execution are helping revive the company’s growth trajectory.
The company reported second-quarter 2026 revenues of $16.1 billion, up 25% year over year. The solid top-line improvement reflects strengthening demand across Intel’s product portfolio and indicates that its restructuring and technology investments are beginning to bear fruit.
Image Source: Zacks Investment Research
Data Center Growth Remains a Key CatalystIntel’s Data Center and AI (DCAI) business is emerging as a major growth driver. DCAI revenues surged 59% year over year to $6.3 billion in the second quarter, benefiting from healthy hyperscale and enterprise demand.
The proliferation of generative AI applications is driving significant investments in data center infrastructure. Although GPUs remain at the center of AI computing, CPUs continue to play an important role in supporting AI workloads. This is creating incremental opportunities for Intel’s Xeon portfolio. The momentum is encouraging as AI-related infrastructure spending is likely to remain healthy, providing Intel with an opportunity to capitalize on rising compute requirements.
Client Computing Business Gains MomentumIntel is also witnessing improving trends in its client computing business. Client Computing and Physical AI Group revenues totaled $8.9 billion in the second quarter, increasing 15% sequentially. The rising adoption of AI-enabled PCs represents an important growth opportunity. AI PC revenues increased 26% sequentially and accounted for roughly two-thirds of Intel’s client revenues during the quarter.
Intel is ramping Panther Lake and Wildcat Lake products based on its advanced 18A process technology. Increasing adoption of these products, coupled with an eventual enterprise PC refresh cycle, should support the client business over the long run. The company is also expanding its presence in edge computing and physical AI applications, including robotics. These emerging markets could broaden Intel’s addressable opportunity beyond traditional PCs.
Improving Manufacturing Execution Bodes WellImproving manufacturing execution is another positive for Intel. Demand for its products remains strong, with supply constraints limiting the company’s ability to fully satisfy customer requirements. The company is increasing wafer output across Intel 7, Intel 3 and Intel 18A to address the demand. Improving yields and cycle times are helping boost production while lowering manufacturing costs.
The progress of Intel 18A is particularly encouraging. Output from the process exceeded the company’s internal target during the second quarter and increased sharply on a sequential basis. Intel’s ability to consistently execute on advanced process nodes remains crucial to its turnaround. Better manufacturing execution should strengthen the competitiveness of its product portfolio while supporting gross-margin expansion over time.
Price PerformanceIntel has gained a stellar 347.1% over the past year compared with the industry’s growth of 29.1%, outperforming peers like Advanced Micro Devices, Inc. (AMD - Free Report) and NVIDIA Corporation (NVDA - Free Report) . While NVIDIA stock is up 18.8%, Advanced Micro has gained 168.4% over this period.
Image Source: Zacks Investment Research
Estimate RevisionEarnings estimates for Intel for 2026 have moved up 116.2% to $1.47 over the past year, and the same for 2027 has increased 38.3% to $1.95. The positive estimate revision depicts bullish sentiments for the stock.
Image Source: Zacks Investment Research
INTC Growth Hurt by Operating RisksDespite the uptrend, Intel has been facing challenges due to the disruptive rise of over-the-top service providers in this dynamic industry. This has affected its margins. Price-sensitive competition for customer retention in the core business is expected to intensify in the coming days. An accelerated ramp-up of AI PCs has adversely impacted Intel’s margins, as it shifted production to a high-volume facility in Ireland, where wafer costs are typically higher. Competitive pricing pressure from rivals has further dented its profitability.
China accounted for more than 24% of Intel's total revenue in 2025, making it the company's second-largest market after the United States. However, the communist nation's purported move to replace U.S.-made chips with domestic alternatives significantly affected INTC’s revenue prospects. The directive to phase out foreign chips from key telecom networks by 2027 underscores Beijing's accelerating efforts to reduce reliance on Western technology amid escalating U.S.-China trade and tariff tensions.
As Washington tightens restrictions on high-tech exports to China, Beijing has intensified its push for self-sufficiency in critical industries. This shift poses a dual challenge for Intel, as it faces potential market restrictions and increased competition from domestic chipmakers. In addition, weaker spending across consumer and enterprise markets, especially in China, resulted in elevated customer inventory levels.
End NoteIntel's innovative AI solutions hold immense promise for the broader semiconductor ecosystem. By addressing the challenges of scalability, performance and interoperability, it is paving the way for widespread AI adoption across enterprises worldwide. Management is focusing on simplifying parts of its portfolio to unlock efficiencies and create value. Significant capital infusion to revive its lost glory is likely to spur growth. All these efforts appear to resonate well, as exhibited by an uptrend in the stock price performance and rising earnings estimates.
However, margin woes amid strict export restrictions, unfavorable product mix and elevated customer inventory levels weigh on its bottom line. With a Zacks Rank #3 (Hold), Intel appears to be treading in the middle of the road, and investors could be better off if they exercise caution and stay invested for long-term gains. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Intel získal z prodeje nových akcií 20 miliard dolarů, což je o třetinu více, než původně plánoval. Americký výrobce čipů chce získané prostředky využít na posílení rozvahy, rozvoj vlastních výrobních kapacit i financování ambiciózní strategie, jejímž cílem je vrátit firmu mezi technologické lídry a posílit konkurenceschopnost vůči společnostem TSMC, Nvidia či AMD. Emitovaná částka zároveň představuje jednu z největších akciových transakcí letošního roku na americkém trhu.
Americký výrobce čipů Intel si z prodeje akcií zajistil 20 miliard dolarů (asi 420 miliard Kč). Získaná částka je o třetinu vyšší, než firma původně plánovala. Intel si vytváří finanční rezervy, aby využil silného zájmu o umělou inteligenci (AI) a lépe se prosadil v boji s konkurencí, uvedla dnes agentura Bloomberg.
Intel, který byl kdysi dominantní silou v globálním polovodičovém průmyslu, výrazně investuje do nových výrobních závodů a pokročilých technologií pouzdření čipů. Snaží se tak v oblasti smluvní výroby čipů konkurovat lídrům odvětví, jako je tchajwanská společnost Taiwan Semiconductor Manufacturing (TSMC).
Americký podnik stanovil cenu nabízených akcií na 95 dolarů za kus. Podle výpočtů Bloombergu to představuje slevu 6,5 procenta proti páteční závěrečné ceně akcií Intelu na burze. Podle lidí obeznámených se situací nabídka přilákala poptávku přesahující 100 miliard dolarů.
"Jako kapitálově náročná firma, která si v minulosti výrazně poškodila vlastní rozvahu a vyhlídky tím, že se místo fyzického inženýrství soustředila na finanční inženýrství, mimo jiné prostřednictvím odkupů svých akcií za 82 miliard dolarů v dekádě po roce 2010, dává naprostý smysl, aby si Intel zajistil peníze. Hlavně v situaci, kdy cena akcií od loňského srpna vzrostla pětinásobně,“ uvedl podle agentury Reuters investiční ředitel Russ Mould ze společnosti AJ Bell.
Transakce Intelu ukazuje odolnost poptávky investorů po akciích společností v celém dodavatelském řetězci pro umělou inteligenci. Největší letošní emise akcií ve Spojených státech ovládly firmy, které těží z boomu výdajů na AI.
Technologická společnost Alphabet nyní prostřednictvím emisí akcií získá až 85 miliard dolarů. Plány společnosti Oracle získat další kapitál zahrnují i prodej akcií na trhu v hodnotě 20 miliard dolarů.
Jihokorejský výrobce paměťových čipů SK Hynix získal 26,5 miliardy dolarů z první nabídky amerických depozitních certifikátů (ADR), což představuje dosud největší nabídku ADR zahraniční společnosti v USA. Konkurenční společnost CXMT v červenci získala z primární veřejné nabídky akcií (IPO) zhruba 9,9 miliardy dolarů, což byla téměř rekordní částka v Číně. Následně se stala největší společností na burze v pevninské Číně.
Akcie Intelu dnes před zahájením obchodování na burze v New Yorku ztrácely asi jedno procento. V pondělí uzavřely na 97,52 dolaru, od začátku roku mají k dobru kolem 164 procent. Generální ředitel Lip-Bu Tan stanovil jako prioritu ozdravení financí Intelu. Součástí tohoto úsilí bylo získat peníze od externích investorů, včetně americké vlády a také od konkurentů z oblasti výroby čipů, jako je Nvidia.
Intel posiluje své hotovostní rezervy s cílem sehrát významnější roli v boomu umělé inteligence. Celosvětová expanze datových center už podpořila poptávku po jeho univerzálních procesorech, podnik má ale potíže přímo konkurovat Nvidii a společnosti Advanced Micro Devices (AMD) na trhu s procesory pro AI. Intel také potřebuje peníze na vybudování sítě výrobních závodů, aby mohl naplnit svůj cíl stát se výrobním centrem pro externí zákazníky v technologickém průmyslu.
Intel v červenci oznámil investici v objemu pěti miliard eur do modernizace a rozšíření výroby čipů v Irsku. Projekt představuje více než 25 procent plánovaných kapitálových výdajů společnosti na letošní rok.
Intel Foundry ve 2. čtvrtletí zvýšil výnosy o 31 % na 5,8 miliardy USD, ale stále prodělal 2,1 miliardy USD. Většina výnosů dál pochází z výroby pro vlastní divize Intelu.
Intel (INTC -4.06%) posted its fastest revenue growth in nearly 15 years last month, with second-quarter revenue rising 25% year over year to $16.1 billion. But the unit the company's whole transformation is staked on, Intel Foundry, is still deep in the red. The chipmaking arm lost $2.1 billion in the quarter on $5.8 billion of revenue.
The loss, I'd argue, is where the progress lives. A year ago, the foundry lost $3.2 billion on $4.4 billion of revenue -- about 72 cents lost for every dollar the unit brought in. This quarter it lost about 36 cents per dollar. The loss per dollar of revenue halved in a year.
Intel has told investors the foundry should stop losing money in 2027, and the growth stock (up more than 160% in 2026 as of this writing) is priced as if that arrival is on schedule. So how much revenue does the foundry need before the losses stop?
Image source: Intel.
A smaller loss on more revenue The trend is now three quarters deep and pointed one direction. Intel Foundry's revenue climbed from $4.4 billion in the year-ago quarter to $5.4 billion in the first quarter of 2026 and $5.8 billion in the second. Its operating loss, meanwhile, narrowed from $3.2 billion to $2.4 billion and then $2.1 billion. And the second quarter's 31% year-over-year revenue growth was itself an acceleration, up from 16% in the first quarter.
The company's explanation is about the factories themselves. Production on Intel 18A, the company's newest widely deployed manufacturing process, came in about 25% above Intel's internal target and rose more than 50% from the first quarter. Better yields and faster cycle times are bringing down wafer costs, and Intel says the foundry has cut the cost of its main Panther Lake chip by roughly 50% so far this year.
Clearly, the factories are getting cheaper to run.
Intel's biggest customer is Intel But external customers supplied just $293 million of the foundry's $5.8 billion in quarterly revenue. The rest (roughly 19 of every 20 dollars) came from building chips for Intel's own product groups.
Of course, that internal demand is no small thing. Intel's data center and AI segment grew revenue 59% year over year last quarter, and the company says it is supply constrained, with data center customers demanding more chips than Intel can produce.
And chief financial officer David Zinsner said in the company's published earnings call remarks that customers "continue to signal a strong and sustainable spending environment." After all, a foundry filled by its owner's orders beats an empty one.
But internal revenue can only prove the factories work. It can't prove the business does.
Intel still hasn't announced a major outside customer for its leading-edge processes -- security specialist Fortinet, which in July became the foundry's first named customer under CEO Lip-Bu Tan, is buying chips built on an older process. Until other companies' chips fill these factories at scale, the foundry rises and falls with Intel's own product cycle.
Today's Change
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-4.06
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-4.13
Current Price
$
97.52
Break-even has a date Intel's stated target is foundry break-even in 2027. Zinsner said last year that getting there requires only a few billion dollars of additional external revenue. That's a small number against the unit's $23 billion annual revenue pace, and a large one against the roughly $1.2 billion annual pace external customers supply today.
The bridge is supposed to be Intel 14A, the next manufacturing process, which is being prepared for risk production -- early trial manufacturing -- in 2027 with high-volume output committed for 2028. Meaningful outside volume, in other words, likely arrives near the deadline, not ahead of it. And the spending comes first: Intel says it is substantially increasing its investments to support the demand it sees. On Monday, the company announced a $15 billion common stock offering to help fund the build-out without adding new debt.
To me, the external revenue line is the one to watch, and the arithmetic hasn't changed: outside customers pay Intel about $1.2 billion a year, and break-even needs a few billion more.
The loss math is improving at a pace that, I think, makes 2027 believable. The stock is another matter. At about $98 as of this writing, shares trade near 60 times next year's expected earnings -- a rich valuation by any standard, and a price that assumes the foundry bet has already been won.
The foundry is doing what Intel said it would, a quarter at a time. At this price, the stock needs it to keep doing exactly that for two more years.
Americký výrobce čipů Intel oznámil záměr uskutečnit veřejnou nabídku akcií v hodnotě 15 mld. USD. Firma tak podle agentury Bloomberg využívá obnoveného zájmu o své podnikatelské vyhlídky během rozmachu datových center a výpočetní techniky zaměřené na umělou inteligenci.
Získané prostředky společnost plánuje využít na všeobecné firemní účely, které zahrnují především kapitálové výdaje a pracovní kapitál. Záměrem transakce je dále posílit schopnost firmy využít nadcházející růstové příležitosti při zachování silné rozvahy a závazku k udržení úvěrového ratingu v investičním pásmu.
Společnost zdůraznila, že zákazníci i nadále signalizují silnou a udržitelnou poptávku po AI výpočetním výkonu. Pokrok v nových oblastech, jako je fyzická AI, specializované čipy, pokročilé pouzdření a využívání externích křemíkových desek, představuje pro firmu významný potenciál do budoucna.
Akcie Intelu Akcie Intelu (INTC) v předburzovní fázi obchodování klesají o 2,85 % na 98,75 USD.
Zdroj: Intel, Bloomberg
Michal Šnobl
Fio banka, a.s.
Prohlášení
Související odkazy Intel reportoval kvartální výsledky, tržby rostly nejrychleji za posledních 15 let Americké akciové indexy rostou po dohodě mezi USA a Íránem Americké akciové indexy před rozhodnutím Fedu mírně rostou S&P 500 posiluje navzdory hrozbám úderů na Írán a vyšší inflaci cen výrobců Wall Street koriguje páteční ztráty, společnost Campbell’s reportovala výsledky hospodaření
Intel Foundry získává Fortinet jako prvního veřejně oznámeného externího zákazníka za vedení Lip-Bu Tana. Dohoda zahrnuje výrobu nového Security Processor 6 pro firewally FortiGate.
Last month, Intel's (INTC +1.84%) foundry business landed Fortinet as a client. Admittedly, since investors tend to focus on advanced nodes with near exclusivity, many of them might have missed this news.
Still, investors should probably take this news more seriously. Here's why the deal is critical to Intel Foundry and chip stock investors at large.
Image source: The Motley Fool.
The Fortinet deal and what it means to Intel Under the terms of the agreement, Intel Foundry will manufacture its next-generation Security Processor 6, which supports the FortiGate firewall line. In this case, Fortinet provides the front-end design and the architecture. Intel will handle the back-end design, advanced packaging, and manufacturing using the Intel 4 process node.
Although numerous companies have negotiated and agreed to deals with Intel, Fortinet is the first named outside customer under Lip-Bu Tan, who became CEO in early 2025.
It takes Intel into the cybersecurity chip space, helping Fortinet shift away from Taiwan Semiconductor Manufacturing Co. (TSMC), which dominates the foundry industry with a 72% market share, according to TrendForce.
This deal makes Intel a player in the development of cybersecurity ASICs (application-specific integrated circuits). More importantly, it could also lead other cybersecurity companies to follow Fortinet's lead and choose Intel as their manufacturer, helping Intel build a niche that can further challenge TSMC.
Still, investors might struggle with whether this is directly actionable for prospective Intel shareholders right now.
In the second quarter of 2026, revenue was $16.1 billion, with Intel Foundry's business accounting for $5.8 billion of Intel's Q2 revenue. Foundry unit revenue grew 31%, just above the company's 25% target, implying that this part of the business could influence the stock price.
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While that implies that the Fortinet deal should bode well for Intel stock, it is coming off a 400% gain over the last year. Past losses leave it without a meaningful price-to-earnings (P/E) ratio, though the forward P/E of 66 indicates that it has become an expensive stock.
Thus, even if this news helps the company, investors may hesitate to buy Intel shares for now despite this development.
Moving forward with Intel stock Intel's deal with Fortinet could become a new business line for investors, and even if it may not be actionable by shareholders at this time, it could ultimately help make Intel Foundry a reason to own its stock.
Indeed, the Fortinet deal to build a cybersecurity-oriented processor could make Intel a leader in this niche of the chip industry. That could help it challenge TSMC's dominance in the foundry industry.
While that is likely bullish for Intel in the long run, Intel's high valuation could mean that little changes for the stock in the near term.
Instead, the Fortinet deal is a signal to investors to watch for other deals. Assuming Intel Foundry can continue to make agreements, especially in an industry like cybersecurity, it may become a driver for Intel stock in the coming years.
SoftBank vykázal čistý zisk připadající akcionářům 347,3 mld. ¥, což překonalo odhad 148,4 mld. ¥ díky zisku 1,33 bil. ¥ z podílu v Intelu. Akcie v Tokiu před výsledky klesly o 4,41 %.
SoftBank Group stock tanked 4.41% in Tokyo on Thursday as investors reduced exposure to a volatile Asian AI trade before the company released its first-quarter results.
The caution looked premature when the numbers arrived after the market closed.
SoftBank reported net income attributable to shareholders of ¥347.3 billion, down 17.7% from a year earlier but comfortably above the ¥148.4 billion consensus.
A ¥1.33 trillion gain on Intel provided the surprise, turning founder Masayoshi Son’s $2 billion investment into the quarter’s main profit driver.
The disconnect suggests Thursday’s share decline reflected anxiety about SoftBank’s concentrated, debt-funded AI strategy rather than disappointment with the results.
SoftBank agreed in August 2025 to buy $2 billion of Intel shares at $23 each, backing the chipmaker during a difficult restructuring.
The wager had looked contrarian when Intel was struggling to revive manufacturing, defend market share and establish an AI strategy.
That position generated a ¥1.33 trillion paper gain as Intel shares rallied. SoftBank’s total investment gains reached ¥1.86 trillion, compared with ¥486.9 billion a year earlier.
Morningstar analyst Brian Colello raised his Intel fair-value estimate to $105 from $90 after the chipmaker’s latest results, citing a sharp increase in demand for server processors.
Intel’s Data Center and AI revenue grew 59%, encouraging Morningstar to adopt stronger long-term assumptions for server computing.
Wedbush analyst Matt Bryson also raised his Intel price target to $98 from $60 while retaining a Neutral rating, Benzinga reported.
Bank of America’s Vivek Arya maintained a Buy rating and a $160 target, arguing that Intel’s server business was participating meaningfully in the agentic-AI cycle.
Those views give SoftBank’s gain a stronger fundamental foundation, although it remains an unrealised mark-to-market benefit rather than operating cash flow.
SoftBank’s headline profit still fell from ¥421.8 billion a year earlier, showing how much the quarter depended on portfolio valuations rather than recurring operations.
The group recorded no gain or loss on OpenAI during the period, after a $25 billion valuation gain from the holding had powered the previous quarter.
That pattern matters because SoftBank’s profits can change dramatically when one or two holdings are revalued.
The Intel gain was substantial, but foreign-exchange movements, derivatives and financing costs absorbed much of the broader investment windfall.
The results were a clear earnings beat, but not an uncomplicated improvement in profit quality.
The underlying concern remains whether SoftBank can generate sufficient cash while financing investments whose valuations may fluctuate sharply.
SoftBank has committed $64.6 billion for an estimated 13% stake in OpenAI. It had invested $44.6 billion by June, added another $10 billion in July and plans a further $10 billion contribution in October.
The group has arranged a $40 billion bridge facility that expires in March 2027 and agreed to borrow another $10 billion against its OpenAI shares.
It has also sold holdings including Nvidia and T-Mobile to fund its expansion.
Further commitments include $5.4 billion for ABB’s robotics business and $3.1 billion for DigitalBridge, alongside investment in data centres, energy and AI infrastructure.
Akcie Intelu v červenci klesly o 35,4 % kvůli výprodeji polovodičů a obavám z vysokých kapitálových výdajů. Investoři zpochybňují, zda více než 20 miliard USD letos vygeneruje dostatečné zisky.
Shares of the semiconductor company Intel (INTC +10.75%) fell hard in July as the company faced several pressures, including a broad chip stock sell-off and growing concerns among investors that Intel's capital expenditures (capex) are too high.
Intel stock fell by 35.4% last month, according to data provided by S&P Global Market Intelligence, leaving investors wondering where the tech stock is headed next.
Image source: The Motley Fool.
Lots of spending is worrying investors Semiconductor stocks fell hard in July as investors questioned whether all the spending on artificial intelligence would pay off. For example, shares of memory chipmaker SK Hynix tumbled during the month, partly due to concerns that AI hardware spending is unsustainable.
By the end of July, 20 of the world's largest semiconductor companies had lost a cumulative $1 trillion in value due to the sell-off.
Large tech companies are spending heavily to build out their AI data centers -- $750 billion in capex spending this year alone -- and a lot of the spending is going to semiconductor companies for their processors.
To keep up with demand and win new contracts, Intel is investing heavily in semiconductor manufacturing capacity. Intel said on its second-quarter earnings call that it will spend more than $20 billion in capital expenditures this year and that 2027 spending will "be significantly above the 2026 levels."
Investors aren't loving the spending spree.
To its credit, Intel is making progress on building out its foundry business. Foundry sales rose 31% in the second quarter to $5.8 billion. But there are still questions about whether all of the capex for new manufacturing processes, like its 18A process, will win over enough large customers to justify the large investments.
And with spending ramping up next year, investors will be even more eager to see progress on this front in the coming quarters.
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Intel stock still isn't a good deal Even with its massive price decline in July, Intel's shares are still very expensive. Intel stock has a price-to-earnings (P/E) ratio of 88 right now, far higher than the tech sector average P/E ratio of just 34.
While Intel is making progress as it taps into the AI boom, the company still needs to prove it can attract large customers to its foundry business and accelerate its current growth.
I suspect Intel shares will experience much more volatility ahead as investors assess whether Intel's spending will translate to profits down the road.
Intel by mohl v roce 2027 vykázat první roční GAAP zisk od roku 2023 díky silnější poptávce po AI a rostoucím hrubým maržím. Akcie INTC v úterý vzrostly o 10 %.
The semiconductor company's stock has staged a dramatic comeback in 2026 – currently trading at more than 2x its price at the start of this year.
However, despite recent technological advancements and foundry wins, the company has yet to hit a significant operational milestone: achieving GAAP annual profitability.
For those sticking with INTC stock, though, the good news is that the semiconductor giant is now closer than ever to crossing that threshold.
In fact, experts now believe accelerating AI demand and expanding gross margins could see it post its first profitable year since 2023 as soon as next year.
Intel's headline GAAP loss of $11 billion in Q2 appears dramatic at first, but a closer examination reveals that the red ink stems primarily from non-cash accounting line items.
The dominant drag was a $12.5 billion non-cash, mark-to-market charge tied to escrowed shares set aside for the US government under its agreement with the Trump administration, an accounting adjustment rather than an outflow of cash.
Combined with Q1 non-cash goodwill impairments, these charges obscure Intel’s solid underlying performance across core business units.
Excluding these non-operational items, INTC actually recorded $2.2 billion in non-GAAP adjusted net income and generated $7 billion in operating cash flow during Q2 alone, powered by a 59% year-on-year increase in Data Center and AI revenue.
Reaching annual GAAP profitability in 2027 requires Intel to cover about $23 billion in projected annual operating expenses.
With GAAP gross margins expanding 100 basis points sequentially to 40.4% in the second quarter, and management guiding for 41% in the current quarter – the giant's revenue threshold for break-even sits near $56 billion annually.
And its current sales pace comfortably clears that mark, with first-half revenue reaching roughly $29.7 billion and Q3 revenue guidance set at $15.8 billion to $16.8 billion, implying an annualized run rate of nearly $65 billion.
While H1 accounting losses preclude full-year GAAP profitability in 2026, modest top-line growth of 5% to 10% next year against mid-$20 billion operating expenditures should comfortably yield several billion dollars in GAAP net profit.
While the operational path toward black ink in 2027 is clear, INTC's market cap of roughly $503 billion signals Wall Street has already priced in a significant portion of this recovery.
Trading at a rather stretched 90x forward earnings, investors must weigh near-term noise, such as further paper revaluations of government escrow shares or restructuring costs, against long-term execution on the 18A manufacturing node.
For new capital, chasing aggressive intraday rallies carries valuation risk; a more prudent approach is waiting for price consolidation or building positions on pullbacks.
Note that Wall Street currently rates Intel shares at Hold only, with the mean price target of about $114 indicating potential upside of nearly 15% from here.
Intel ve 2. čtvrtletí zvýšil tržby o 25 % na 16,1 miliardy USD, ale vykázal čistou ztrátu 11,0 miliardy USD kvůli účetním odpisům. Firma zároveň čeká další růst marže a ve 3. čtvrtletí zisk na akcii 0,31 USD podle GAAP.
Intel (INTC -1.02%) closed at $91.13 on Thursday, up 11.3% in the chip sector's broad rebound. And by the headline numbers, investors just bid up a money loser. Over the past 12 months, Intel's net loss totals about $11.3 billion.
But the losses are not what they appear. Intel's revenue is growing at its fastest pace in more than 15 years, its gross margin is expanding quarter by quarter, and the red ink traces mostly to accounting charges rather than to the business itself.
Put the pieces together, and I think 2027 becomes Intel's first profitable year of this turnaround. Here's a closer look at the arithmetic.
Image source: Intel.
Losses made of paper The second quarter of 2026 shows the pattern. Intel's revenue rose 25% year over year to $16.1 billion (above even the top of management's April forecast), and the company reported a net loss of $11.0 billion anyway.
Nearly all of that loss came from a single line item, though. Intel booked a $12.5 billion non-cash, mark-to-market charge tied to shares it holds in escrow for the U.S. government under its CHIPS Act agreement. It's an accounting adjustment, not cash leaving the business.
The first quarter tells the same story. Intel reported a $3.7 billion net loss that included a $3.9 billion non-cash goodwill impairment and a $1.1 billion mark-to-market loss on escrowed shares.
Set items like these aside, and the company has already turned. Non-GAAP (adjusted) net income was $1.5 billion in the first quarter and $2.2 billion in the second. The second quarter also produced $7.0 billion in operating cash flow.
The growth is broad, too. Intel's data center and AI (artificial intelligence) segment grew revenue 59% year over year last quarter, accelerating from 22% growth in the first quarter. Client computing revenue rose 13% year over year, and the foundry business grew 31%.
Profitability's building blocks are moving in the right direction as well. Intel's GAAP gross margin went from 39.4% in the first quarter to 40.4% in the second, and management's third-quarter guidance calls for 41% -- a steady expansion. Indeed, management's own forecast already has the bottom line crossing zero, with guidance calling for third-quarter earnings of $0.31 per share on a GAAP basis.
What a profitable 2027 requires The arithmetic from here is straightforward. Intel projects about $23 billion of GAAP operating expenses for 2026. At a gross margin around 41%, covering those costs takes roughly $56 billion of annual revenue.
The company's current pace runs well past that bar. First-half revenue was $29.7 billion, and third-quarter guidance of $15.8 billion to $16.8 billion implies an annual run rate around $65 billion.
However, this year can't be the one. The first half's $14.7 billion of reported losses is too deep a hole for two profitable quarters to fill.
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But run the same math forward. If revenue grows even 10% next year (it grew 25% last quarter), Intel would generate about $71 billion of sales in 2027. Holding the guided gross margin in the low 40s, that works out to roughly $29 billion of gross profit against operating expenses somewhere in the mid-$20 billions, allowing for growth in spending. The result would be several billion dollars of operating income and a bottom line comfortably in the black. Even a harsher case, with 5% growth and no margin improvement at all, still lands the year at a profit.
With that said, two things could delay the headline. Additional restructuring charges would push the GAAP number lower, and the escrow-share accounting may result in further paper losses. But those would be charges layered on top of a business that, on current trends, should be solidly profitable in 2027. So that's my prediction: before 2028, Intel posts a profitable year.
What does the prediction mean for the stock? Less than you might hope. At Thursday's close, Intel's market value is about $459 billion -- more than 50 times the adjusted earnings pace of its current and guided quarters. The market isn't waiting to see whether Intel turns profitable. It has already priced the turn, and then some. And the past year shows how quickly the market reprices this name in both directions. Shares have traded as low as $18.97 and as high as $142.35 in that stretch.
I believe the black ink arrives in 2027. But at this price, I'll keep watching from the sidelines.
Bank of America Corp DE ve 1. čtvrtletí snížila podíl v Intelu o 7,3 % a prodala 1 841 195 akcií. Po prodeji držela 23 381 848 akcií v hodnotě 1,03 miliardy USD.
Bank of America Corp DE decreased its holdings in Intel Corporation (NASDAQ:INTC – Free Report) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,381,848 shares of the chip maker’s stock after selling 1,841,195 shares during the quarter. Bank of America Corp DE owned 0.47% of Intel worth $1,031,841,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. iA Global Asset Management Inc. boosted its holdings in Intel by 17.0% in the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock worth $21,883,000 after buying an additional 86,189 shares during the period. Whalerock Point Partners LLC bought a new stake in Intel during the 4th quarter valued at $205,000. Heritage Investment Group Inc. purchased a new stake in shares of Intel during the fourth quarter worth $219,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Intel during the fourth quarter worth $185,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Intel by 5.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock worth $9,419,000 after acquiring an additional 13,858 shares during the period. Institutional investors own 64.53% of the company’s stock.
Analyst Ratings Changes Several equities analysts have recently weighed in on INTC shares. Citigroup upgraded Intel from a “positive” rating to a “buy” rating in a research report on Thursday, July 23rd. TD Cowen raised their target price on Intel from $75.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Bank of America restated a “buy” rating and issued a $160.00 target price on shares of Intel in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intel in a report on Tuesday, July 21st. Finally, BTIG Research upgraded Intel from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.93.
Get Our Latest Stock Report on Intel
Trending Headlines about Intel Here are the key news stories impacting Intel this week:
Positive Sentiment: Potential Apple supply opportunity: Melius suggested Apple could use Intel alongside its primary processor supplier to reduce manufacturing risk. A win with Apple would strengthen Intel’s foundry ambitions and provide a high-profile customer opportunity. Intel Stock Rises as Analyst Sees Apple Supply Opportunity Positive Sentiment: AI spending and sector inflows are lifting sentiment: Strong Microsoft and Amazon results renewed confidence in cloud and AI infrastructure spending, helping semiconductor stocks recover. Semiconductor ETFs also attracted substantial new cash this week, creating broader buying support for chip names including Intel. Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally Positive Sentiment: Bullish commentary and earnings momentum: Jim Cramer argued that Intel belongs near $110 and said forced selling by the Situational Awareness hedge fund exaggerated the post-earnings decline. Intel’s latest quarterly results also exceeded consensus estimates, with revenue rising more than 25% year over year, while investors continue to focus on its restructuring and improving data-center business. Jim Cramer Says INTC Stock Belongs at $110 Neutral Sentiment: Technical recovery remains uncertain: Intel has stabilized after a sharp earnings-related selloff, but technical resistance is identified around $98–$102. The stock’s elevated volatility means the rebound could remain susceptible to further reversals. Intel Stock Reclaims Momentum Near Key Resistance Negative Sentiment: TSMC is challenging Intel’s packaging advantage: Taiwan Semiconductor is reportedly developing technology similar to Intel’s EMIB advanced packaging, potentially weakening a key differentiator as Nvidia evaluates packaging options. This raises competitive concerns for Intel’s foundry and AI strategy. TSMC Developing Advanced Chip Packaging Technology Negative Sentiment: Expectations and valuation risk remain high: After the rebound, investors are demanding evidence that Intel can sustain AI-related growth and execute its costly turnaround. Analysts remain divided, and the company’s negative net margin and ongoing restructuring add to concerns about near-term profitability. Intel Stock Down 1.0% INTC opened at $90.20 on Friday. The business’s fifty day simple moving average is $113.14 and its 200 day simple moving average is $79.70. Intel Corporation has a 52 week low of $18.97 and a 52 week high of $142.35. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The stock has a market cap of $454.97 billion, a PE ratio of -42.75 and a beta of 2.18.
Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The firm had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, research analysts expect that Intel Corporation will post 1.01 earnings per share for the current fiscal year.
Intel Profile (Free Report)
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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Akcie AMD a Intel ve čtvrtek vyskočily o 13 % po silnějších cloudových výsledcích Microsoftu, které zlepšily náladu kolem výdajů na AI infrastrukturu. Růst podpořil i celý polovodičový sektor.
AMD and Intel shares rebounded sharply on Thursday, reversing losses from previous sessions as Microsoft's stronger-than-expected cloud results boosted confidence in artificial intelligence infrastructure spending and lifted the broader semiconductor sector.
AMD and Intel shares both rose 13% each in the session.
The broader chip industry also advanced, with the iShares Semiconductor ETF (SOXX) gaining more than 8%.
The rally followed Microsoft's quarterly earnings, which showed stronger Azure cloud growth and eased investor concerns that massive AI infrastructure investments were failing to generate returns.
The positive results helped improve sentiment toward semiconductor companies that had come under pressure in recent weeks amid concerns over AI spending, valuations and growing competition.
Susquehanna analyst Christopher Rolland reiterated his Buy rating on AMD and increased his price target to $500 from $450, citing stronger prospects for the company's data center business.
Rolland expects AMD to deliver improved financial results and guidance, driven primarily by server CPUs and data center GPUs.
He believes server CPU demand could exceed expectations as the total addressable market expands, while new customer wins support a ramp-up of the company's MI450 data center GPU.
The analyst now forecasts more than $31.5 billion in data center revenue for 2026, with both server processors and GPUs expected to accelerate significantly during the fourth quarter of that year.
Rolland also highlighted AMD's AI roadmap, noting continued MI350 GPU growth during the first half of 2026 followed by a "significant ramp" later in the year as the MI450 platform and Helios infrastructure launch.
He expects deployments to be led initially by customers including OpenAI and Meta.
The analyst also pointed to AMD's 2-gigawatt infrastructure agreement with Anthropic, with the first 1-gigawatt deployment expected during the first half of 2027.
Management is targeting AI-related revenue in the "tens of billions" of dollars by 2027.
Rolland noted that CEO Lisa Su has increased AMD's estimate for the 2030 server CPU market to around $220 billion, reflecting growing demand from agentic AI workloads, where some applications now require CPU-to-GPU ratios greater than one.
Beyond AI infrastructure, Susquehanna expects AMD's client PC business to outperform the broader market through enterprise market share gains and pricing improvements, while embedded demand continues to strengthen in FPGA applications serving AI, aerospace and test equipment.
Intel also received positive commentary from Wells Fargo, which highlighted improving pricing trends across the company's server processor business.
Analyst Aaron Rakers noted that Intel's latest quarterly filing showed shipments of Xeon server processors increased 9% year over year, while average selling prices jumped 48% over the same period.
Rakers also pointed to stronger profitability in Intel's data center operations.
The company's Data Center and AI segment reported a 56% gross margin, improving by 8.4 percentage points from the previous quarter.
In addition, revenue from Intel's custom AI chip business tripled from a year earlier while generating $1.84 billion in operating income, underscoring stronger financial performance within its AI-related operations.
SummaryIntel Corporation is upgraded to Buy as its turnaround gains momentum, driven by robust AI demand and operational improvements.Q2 results exceeded guidance with revenue up 25.4% YoY, record Data Center & AI growth, and improving 18A yields, though free cash flow is delayed by higher CapEx.INTC's AI-driven businesses now represent ~70% of revenue; management expects data center revenue to grow well above a double-digit CAGR over the next several years.Base case price target is $125.92 (46% upside), with a peer-based target at $134.65 (57% upside), supported by EBITDA margin expansion and a strong cash position.Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum. Learn More » J Studios/DigitalVision via Getty Images
In my prior report, I downgraded Intel Corporation (INTC) from buy to hold after the shares reached my base-case valuation and a peer group valuation, which would support a price of roughly $140 in
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Akcie polovodičů dál oslabují; sektor je za týden asi 10 % v minusu kvůli obavám z výdajů na AI a konkurence z Číny. Intel klesl o 2,2 % a AMD o 3,3 %.
Semiconductor stocks remained under pressure on Wednesday as investors continued to pull back from the sector, extending a multi-day sell-off driven by concerns over artificial intelligence spending and growing competition from China.
Intel INTC shares fell 2.2%, marking their sixth consecutive session of losses, while Advanced Micro Devices (AMD) dropped 3.3%, extending its losing streak to five sessions.
The broader semiconductor sector has now fallen for four straight sessions, leaving chip stocks down about 10% for the week.
The decline comes as investors increasingly question whether the billions of dollars being invested in AI infrastructure will generate sufficient returns, while also monitoring intensifying competition from Chinese chipmakers.
Despite the recent weakness, some analysts argue that the correction reflects changing market sentiment rather than deteriorating industry fundamentals.
Truist Securities said the recent decline presents an opportunity for long-term investors, citing encouraging feedback from industry contacts despite the Philadelphia Semiconductor Index falling 25% from its June 22 peak.
“Feedback remains effervescent, so we continue our positive view on semis.
Favor core AI suppliers for long-term growth; favor ‘fragile’ suppliers for near- term fundamental performance & undemanding valuation,” analyst William Stein wrote.
According to Truist, buyers of AI infrastructure are becoming increasingly willing to place larger purchase orders with longer contract durations than in previous years, suggesting demand remains healthy across the supply chain.
“We acknowledge this situation can change quickly, but for now, supply chain signals remain effervescent,” Stein added.
For investors with a higher tolerance for risk, Truist recommends core AI suppliers including Nvidia, AMD, Broadcom and Monolithic Power Systems.
For lower-risk exposure, the firm prefers Arrow Electronics, Avnet, Belden and Sensata Technologies.
AMD valuation concerns and Intel turnaround remain in focusNot all analysts share the optimistic outlook.
Seeking Alpha maintained a Sell rating on AMD, arguing that the stock's valuation has become difficult to justify despite strong operating performance.
The analysis noted that AMD reported 37.8% revenue growth and 253% free cash flow growth during the first quarter of fiscal 2026.
However, it said the company's valuation multiples, including a price-to-earnings ratio of 181 times and a price-to-free-cash-flow ratio of 106 times, imply growth expectations that may be difficult to sustain.
The report also argued that analyst forecasts require AMD to expand its bottom line by roughly 32% annually for a decade, while highlighting risks in both its Client and Gaming business and its Data Center segment amid concerns that AI demand expectations may prove overly optimistic.
Intel, meanwhile, continues to face pressure related to its multi-year turnaround strategy.
Investor concerns have intensified following reports that the rollout of the company's 18A process technology is progressing more slowly than expected.
Lower-than-target manufacturing yields could delay high-volume production for external foundry customers and weigh on Intel's long-term efforts to regain process leadership.
The uncertainty surrounding its foundry business has added to investor caution as the broader semiconductor sector remains under pressure.
Jim Cramer říká, že teď kupuje Intel a ne Cerebras, protože Intel má podle něj lepší vyhlídky. Intel navíc vykázal ve 2. čtvrtletí tržby 16,13 miliardy USD a non-GAAP EPS 0,42 USD.
On Mad Money, a recent caller pressed Jim Cramer on Cerebras Systems (NASDAQ:CBRS) with a pointed setup: “Last week, CrowdStrike chose Cerebras to power their real-time Falcon AI detection. When George Kurtz vouches for your inference feed, isn’t it time to stop treating Cerebras like a post-IPO trade?”
Cramer conceded the valuation math. “It’s certainly reasonable to say it’s down so much and the P/E multiple is not that high,” he said. Then he redirected the money. “I don’t want to buy a lot of tech. The only one that I’m currently buying is Intel, which I think has better prospects than Cerebras. But I like your logic.”
That is a narrow, deliberate call. Cramer is holding his tech book steady and directing fresh capital toward the legacy incumbent, which he sees as the one AI semiconductor name earning it right now over the hyper-growth pure play.
Why Intel Is Cramer’s Pick Intel (NASDAQ:INTC | INTC Price Prediction) delivered the kind of quarter that supports Cramer’s conviction. Q2 FY2026 revenue landed at $16.13 billion, up 25.4% year over year, described by CEO Lip-Bu Tan as “strongest revenue growth in more than fifteen years.” Non-GAAP EPS of $0.42 beat the $0.2175 estimate by 93.1%, a swing from prior-year losses to real operating profit.
The AI story is now on Intel’s income statement. The Data Center and AI segment posted $6.26 billion in revenue, up 59% year over year, and Intel Foundry grew 31% even as it absorbed a $2.1 billion quarterly operating loss. Tan framed the setup this way: “AI is driving unprecedented demand for compute, and as we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise, ASICs, advanced packaging and vast wafer foundry network.” The full release is available in Intel’s Q2 2026 8-K filing.
The stock has already run hard. INTC is up 148.43% year to date and 342.85% over the past year, closing at $91.67 on July 27 before slipping 5.69% on Tuesday. Forward P/E sits at 105, with the average analyst target at $115.65. Backing the turnaround: an NVIDIA $5 billion equity investment, SoftBank’s $2 billion stake, and a U.S. government equity position tied to CHIPS Act funding.
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The Cerebras Case Cramer Won’t Take Cerebras is the harder trade to justify on fundamentals despite genuine momentum. Q1 FY2026 revenue was $193.4 million, up 94% year over year, driven by a Cloud and Other Services segment that grew 178%. Yet the company posted a GAAP loss of $0.22 per share and carries negative shareholders’ equity of -$194.7 million.
Guidance is where the margin story gets uncomfortable. Management pointed Q2 core gross margin to 36-38%, with core operating margins of -30% to -32%. Full-year 2026 core revenue is guided to $855 million to $865 million. CEO Andrew Feldman’s framing remains aggressive: “Cerebras’ wafer-scale technology delivers the fastest AI in the world. And fast AI is more valuable than slow AI because it is more productive.” Details are in the company’s Q1 2026 8-K.
Cramer’s comment about the multiple has data behind it. CBRS closed at $188.61 on July 27, down 39.37% from its post-IPO peak of $311.07 on May 14. The $20 billion, 750MW OpenAI inference deal is real, and so is customer concentration risk. That is the fork Cramer is trading around.
What Investors Should Watch Cramer is threading a specific needle: buying the profitable-turnaround AI beneficiary with government and NVIDIA backing while acknowledging Cerebras’s valuation reset. Reddit sentiment on INTC has skewed bearish to very bearish over the past 30 days, with retail investors flagging dot-com era valuations. That makes his call a contrarian one, anchored to Intel’s Q3 guide of $15.8 billion to $16.8 billion in revenue and non-GAAP EPS of $0.38. The next earnings report will tell investors whether the DCAI curve keeps bending up or whether Cerebras’s speed-of-inference pitch starts pulling incumbent CPU dollars.
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Intel uzavřel partnerství s Lens Technology na vývoji pokročilého pouzdření čipů s využitím skleněných substrátů. Cílí na vyšší výkon a nižší spotřebu pro AI PC, datová centra i edge computing.
Key Takeaways INTC partnered with Lens Technology to develop advanced glass substrate chip packaging.INTC will pair advanced packaging expertise with Lens Technology's glass manufacturing capabilities.Intel will explore AI PCs, data centers, robotics, industrial equipment and edge computing. Intel Corporation (INTC - Free Report) has partnered with Lens Technology to develop advanced glass substrate packaging for semiconductor chips. The collaboration aims to improve chip performance and power efficiency while supporting the growing demand for artificial intelligence (AI), data center and high-performance computing applications.
Under the agreement, Intel will leverage its expertise in semiconductor architecture and advanced packaging, while Lens Technology will contribute its capabilities in precision glass processing and large-scale manufacturing. By combining their complementary strengths, the companies plan to accelerate the development of glass substrate-based packaging solutions for next-generation computing platforms.
The partnership aligns with the semiconductor industry's increasing focus on advanced packaging as chip designs become more complex. Intel is expanding its efforts in glass substrate technology, which is expected to enable more efficient integration of chip components while meeting the performance requirements of future computing systems.
In addition, both companies will explore opportunities across AI PCs, data center infrastructure, robotics, industrial equipment and edge computing. These initiatives are likely to strengthen Intel's position in AI-driven markets while supporting its long-term growth strategy.
How Are Competitors Performing in Advanced Packaging?Intel faces competition from Qualcomm Incorporated (QCOM - Free Report) and Advanced Micro Devices (AMD - Free Report) . Qualcomm is expanding its focus on advanced packaging to support its AI and data center business. The company is developing multi-chiplet processors that use advanced packaging to improve performance, power efficiency and scalability. Qualcomm is enhancing its packaging capabilities to support end-to-end silicon development, accelerate time-to-market and minimize integration risk.
Advanced packaging is a key part of AMD's semiconductor strategy, helping it to improve chip performance, power efficiency and scalability. The company uses chiplet-based designs and advanced packaging technologies to integrate multiple computing components into a single processor. AMD continues to invest in packaging innovations to support growing demand for AI, data center and high-performance computing applications.
INTC’s Price Performance, Valuation & EstimatesShares of Intel have skyrocketed 343.3% over the past year compared with the industry’s growth of 23.7%.
Image Source: Zacks Investment Research
Going by the price/book ratio, the company's shares currently trade at 4.47 book value, lower than the industry average of 20.61.
Image Source: Zacks Investment Research
INTC’s earnings estimates for 2026 have increased 1.9% to $1.07 per share, while those for 2027 have increased 4.2% to $1.50 over the past 60 days.
Image Source: Zacks Investment Research
Intel stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Intel a AMD v úterý prudce klesly, když investoři znovu přehodnotili výhled polovodičů kvůli rychlému postupu Číny v paměťových čipech a AI infrastruktuře. Intel odepsal asi 6 % a AMD zhruba 8 %.
Intel and AMD shares came under heavy selling pressure on Tuesday as investors reassessed the outlook for the semiconductor industry amid China's rapid advances in memory chips and artificial intelligence infrastructure.
Intel INTC stock fell about 6%, while AMD declined roughly 8%, extending a broader selloff across global semiconductor stocks.
The weakness followed sharp declines in Asian markets, where South Korea's Kospi dropped 10%, and Japan's Nikkei fell 4% as chipmakers came under pressure.
The latest pullback comes as investors grapple with rising competition from China, concerns over mounting AI infrastructure spending, and uncertainty ahead of earnings from major US technology companies.
A key catalyst behind the semiconductor selloff was the blockbuster market debut of Chinese memory-chip maker ChangXin Memory Technologies (CXMT).
The company raised 57.92 billion yuan ($8.6 billion) in its Shanghai initial public offering, making it Asia's largest listing of 2026.
Shares then surged 466% on their trading debut, pushing the company's market capitalization to roughly $487 billion and making it the most valuable company listed on mainland Chinese exchanges.
The strong debut highlighted growing optimism surrounding China's semiconductor ambitions and intensified concerns that domestic Chinese manufacturers could increasingly challenge established global memory suppliers.
Apple has reportedly begun testing CXMT memory chips for devices sold within China, while the company could gain additional customers if US restrictions on its products are eased.
Nomura analyst Donnie Teng expects further gains as AI demand accelerates.
“We expect CXMT’s market share gain to accelerate considering that the global supply of memory is unlikely to ease in the coming years.”
He added: “Strong demand for agentic AI will drive a more than sevenfold increase in global memory usage” by 2030.
Morningstar also said CXMT is well positioned to benefit from China's efforts to build a self-reliant semiconductor industry despite remaining behind global leaders technologically.
Investor sentiment has also weakened amid growing scrutiny over artificial intelligence spending by major technology companies.
A Wall Street Journal report that Nvidia could provide roughly $250 billion in financing support for OpenAI's planned data center project raised fresh questions about how aggressively semiconductor companies are investing in AI infrastructure and their own customers.
Intel, during its results, increased its capex outlook from $18 billion to $20 billion for 2026 and added that it would shoot further up for 2027.
The report came ahead of earnings from Microsoft, Meta Platforms, Amazon and Apple, with investors expected to closely examine whether massive AI investments are producing adequate returns.
Growing competition from China has added another layer of uncertainty after reports emerged that Chinese companies have begun producing advanced chipmaking equipment domestically.
Despite Tuesday's decline, AMD continued expanding its artificial intelligence infrastructure footprint.
The company announced an agreement with Core Scientific to secure access to as much as 2.5 gigawatts of AI-ready data center capacity.
The partnership initially provides AMD customers access to more than 500 megawatts of capacity beginning in 2027, with room for future expansion.
Core Scientific, which has increasingly shifted from cryptocurrency mining toward AI and high-performance computing infrastructure, will also collaborate with AMD on physical data center design as well as deployment of AMD chips and software.
Wall Street analysts remain largely optimistic on AMD despite the recent weakness.
Among 45 analysts covering the stock, the consensus rating is "Strong Buy," including 35 Strong Buy ratings, two Moderate Buys and eight Holds.
Mizuho analyst Vijay Rakesh recently reiterated a Buy rating while raising his price target to $625, implying approximately 26.3% upside from current levels.
For Intel, the Wall Street consensus is Moderate Buy, based on 11 Strong Buy ratings, one Moderate Buy, 31 Holds, and two Strong Sells among the 45 analysts covering the stock.
Intel (INTC -0.89%) has been a monster stock so far in 2026. It has risen by around 150%, but it's still well below its peak. Intel's stock has plummeted around 35% from its all-time high, set just a few weeks ago at the end of June.
Since then, Intel has reported some incredible figures, including one that broke a nearly 15-year-old record. That points to an imminent turnaround and could justify some of Intel's incredible performance over the past year.
Image source: The Motley Fool.
Investors are likely taking gains Intel is a true turnaround story. Last year, rumors were swirling about its semiconductor foundry business being shut down due to a lack of clients. However, thanks to an investment from the U.S. government and Nvidia, that hasn't happened, and Intel appears to be turning the corner.
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This was confirmed by a stellar Q2 earnings report in which Intel delivered 25% revenue growth -- its best since 2011. That's a clear sign that Intel could finally be turning the corner, and a closer look reveals that its foundry business grew at 31%.
That's exactly what investors were looking for, but it will take several quarters before the market declares Intel's turnaround complete. Intel's stock is still highly valued, and it will take a few years to return to a reasonable valuation.
INTC PE Ratio (Forward) data by YCharts
At 60 times forward earnings and 46 times next year's earnings, the stock price has accounted for nearly all of Intel's short-term success. As a result, investors are likely taking some gains off the table amid the current sell-off. There's nothing wrong with that, as Intel's stock has been a monster winner over the year since the investment from the U.S. government and Nvidia was announced.
But does that mean now is the time to buy the dip? I don't think so.
There is currently negative sentiment surrounding the AI build-out. That may flip after big tech earnings conclude, but with the market worried about an AI overbuild, I don't see this sentiment ending anytime soon, and it could lead to a further sell-off in Intel's stock.
Intel just delivered the biggest news for investors in over a decade, reporting rapid growth, and the stock still sold off. That should tell you a lot about the sentiment behind Intel's stock, and I think smart investors are staying patient until the sell-off stabilizes.
