Intel (NASDAQ:INTC) is reshaping its AI and foundry narrative—winning Google and SpaceX orders, raising CPU prices, and drawing bullish upgrades—while absorbing Foundry losses and political scrutiny as investors eye its expanding data‑center role and upcoming Q2 results on July 23, 2026.
Previous Week Recap
- Intel Foundry Loss, AI Chips: Intel to offer 14A node test toolkit to SpaceX and Apple; Google ordered Intel-made AI chips under foundry deals. Intel Foundry posted a $2.4B operating loss in Q1.
- Cantor Boosts Intel Target: Cantor Fitzgerald raised Intel’s price target to $150, citing stronger enterprise AI infrastructure demand and a larger-than-expected Intel role in data-center processors.
- Intel Q2 2026 Results Date: Intel to report Q2 2026 results after market close on July 23, 2026; earnings call the same day at 2:00 p.m. PDT.
- HSBC Views Intel Foundry Demand: HSBC updated its valuation model to include Intel Foundry and highlighted industry capacity constraints, noting that customer demand could shift to Intel as TSMC’s 3nm capacity comes online in 2H27.
- Intel CPU Price Increases: Intel raised prices on several CPUs: Core Ultra 7 270K Plus to $349 (up $50) and Core Ultra 5 250K Plus to $229 (up $30); changes also affect Core Ultra 200S Plus and Xeon 6.
- Trump Claims Intel Investment: Trump said his administration invested $8.9 billion in Intel in August for a 10% stake and that he offered help to Intel in exchange for a 10% ownership.
- Intel As AI Play, CEO Praised: Intel (INTC) highlighted as an AI play; CEO Lip-Bu Tan credited for turnaround. Traders: focus on AI CPUs, high-margin chip packaging, and expanded semiconductor manufacturing.
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