Seeking Alpha
11 Nov 2026, 07:40 UTC · 9h ago
Intel: Why I'm Turning Bullish After The Crash
Impact · against what's priced in
The recent crash in Intel's share price largely reflects the missed Q4 guidance, but the remaining valuation continues to ignore the potential of a foundry turnaround and high-end server profitability. While improving manufacturing costs and data center growth provide a bullish narrative, they are incremental steps toward a turnaround the market has historically declined to price in.
- INTC+0.20
Challenges what's priced in
- The price assumes
A foundry turnaround where the $20 billion-plus capital expenditure translates into positive cash flow and external customer revenue
The 40% decline in 18A manufacturing costs and 15% drop in Intel 3 costs support the possibility of a foundry turnaround, a scenario the market has previously declined to value.
What INTC's price assumes · Sep 10
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