this post was submitted on 02 Nov 2026
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Intel just came out of a floundering period of underinvestment, took on a lot of debt to recapitalize a bunch of stuff and was promised government money to help. Trump withheld money approved under the chips act, until they promised to give him shares in return.
The share prices(20$ in august 2025) was pretty aggressively depressed by the fact that the money had been withheld after Intel had already spent that money on new production lines and recapitalization. It popped up when the government funding finally came through.
Over the past 2 years, they’ve made some pretty impressive increases in revenue, largely from “foundry services” and sales of their chips to data center buildouts(still need CPUs even if all the focus is on memory and GPUs). Foundry services being where they do the manufacturing for a third party who designs and sells the chips (like TSMC does), where in the past Intel has only produced their own designs. Both of these have been helped by all that investment that was costing them so much.
The problem lately has been that they’ve been getting over valued due to datacenter mania (130$ a share at the end of June 2026). Everyone assuming growth on the datacenter side will continue at the same pace… forever. Now everyone’s concluding that maybe, that’s a bit unrealistic, so their share price is dropping (about 60$ a share currently).
Their share price is still 3X what it was 2 years ago, and revenue is up 10 billion as well. A large part of that being the foundry services, not just the datacenter side.