Intel Shares Rally Despite Analyst Caution Over Foundry Strategy and Competitive Pressures
Intel shares surged following a third-quarter revenue beat, but major Wall Street firms remain cautious. Analysts cite concerns about the company’s foundry business losses, competitive pressures from AMD, and margin challenges despite near-term execution improvements.
Earnings Beat Drives Stock Surge
Intel shares reportedly surged in Friday’s premarket trading after the chipmaker delivered better-than-expected third-quarter revenue, according to financial reports. The company posted revenue of $13.65 billion, exceeding analyst expectations of $13.14 billion. Despite this positive performance, sources indicate Wall Street remains cautious about Intel’s long-term prospects, particularly regarding its substantial investments in the foundry business and competitive positioning.