$INTC Intel is one of those rare trades where I currently like both the chart and the fundamental story.
From a technical perspective,
$INTC has been showing the kind of structure I want to see in a strong trend: momentum remains intact, pullbacks have been absorbed relatively well, and the price action still looks constructive rather than exhausted. To me, the chart looks like strength being consolidated rather than a rally simply falling apart.
But the bigger reason I’m bullish is that Intel’s improvement is no longer just a turnaround narrative.
Q2 revenue reached $16.1 billion, up 25% year over year, while non-GAAP gross margin improved to 41.8% and non-GAAP operating margin reached 17.2%. Intel also guided Q3 revenue to $15.8–16.8 billion, showing that the recovery has real earnings momentum behind it.
The AI cycle is helping as well. Demand for data-center CPUs has strengthened, and Intel is increasingly positioned across CPUs, custom silicon, advanced packaging and foundry manufacturing rather than relying on the traditional PC business alone.
What interests me most, however, is manufacturing execution.
Intel 18A is no longer just a roadmap promise. The company has already moved part of its Panther Lake lineup into high-volume manufacturing, launched its first 18A server product, and says the enhanced 18A-P process has entered risk production. Progress on 14A could eventually make the foundry business a much more meaningful part of Intel’s valuation.
There are still execution risks, especially after such a strong move in the stock. But for the first time in a long while, the market is not only pricing hope — the operating numbers are actually beginning to support the story.
Strong chart. Improving margins. AI-driven demand. Better manufacturing execution.
I’m staying bullish on Intel.
$INTC #Intel #Semiconductors #AI