Goldman researchers warn of an unfriendly asymmetry: Why the next big market move may be down.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 15 2025
0mins
Should l Buy INTC?
Source: MarketWatch
S&P 500 Performance: The S&P 500 has achieved its 18th record closing high of the year as it enters Friday's trading session.
Drivers of Market Rally: Goldman Sachs attributes the market rally to strong U.S. corporate earnings, particularly influenced by AI investments, and more dovish expectations from the Federal Reserve.
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Analyst Views on INTC
Wall Street analysts forecast INTC stock price to fall
29 Analyst Rating
5 Buy
19 Hold
5 Sell
Hold
Current: 43.100
Low
20.00
Averages
39.30
High
52.00
Current: 43.100
Low
20.00
Averages
39.30
High
52.00
About INTC
Intel Corporation is a global designer and manufacturer of semiconductor products. The Company operates through three segments: Intel Products, Intel Foundry, and All Other. Its Intel Products segment includes Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX). The CCG is bringing together the operating system, system architecture, hardware, and software application integration to enable PC experiences. DCAI delivers workload-optimized solutions to cloud service providers and enterprises, along with silicon devices for communications service providers, network and edge, and HPC customers. NEX helps networks and edge compute systems from fixed-function hardware to general-purpose compute, acceleration, and networking devices running cloud native software on programmable hardware. The Intel Foundry segment comprises technology development, manufacturing and foundry services. All Other segments include Altera, Mobileye, Other.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Intel Faces Supply Shortages but Sees Strong Demand for Server Processors
- Capacity Utilization Over 100%: Despite facing internal supply shortages, many of Intel's manufacturing units are operating at over 100% capacity, indicating the company's resilience and potential in meeting market demand.
- Supply Shortage Persistence: The CFO stated that the supply shortfall is expected to last until the end of the year, but it will gradually ease, providing hope for a recovery in production capabilities in the future.
- External Client Opportunities: The CFO revealed that CEO Lip-Bu Tan is considering offering Intel's 18A manufacturing technology to external clients, a strategic shift that could create new revenue streams and enhance market competitiveness.
- Stock Price Surge: Driven by strong demand for server processors, Intel's shares surged over 6% on Wednesday, reflecting market optimism about the company's future growth, with current trading around $45.85.
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Intel Shares Surge Following Positive CFO Remarks at Tech Conference
- Stock Surge: Intel shares rose 6.1% on Wednesday to $45.97, with a market cap of $215 billion, driven by a rebound in tech and AI stocks, alongside positive remarks from CFO David Zinsner at a tech conference.
- Yield Improvement: Zinsner disclosed that Intel is making yield ramp improvements for its critical 18A node, exceeding internal projections, which is crucial for competing with Taiwan Semiconductor Manufacturing and could attract external customers to its foundry services.
- External Customer Interest: With positive feedback on the 18A product, Panther Lake, Zinsner noted that external foundry customers are now considering the 18AP node, potentially accelerating Intel's ambitions to serve outside chipmakers and enhancing its market position.
- Reviving Server Demand: Zinsner also highlighted a resurgence in server CPU demand driven by agentic inference applications, providing strong support for Intel's future growth, with expectations for improved foundry margins throughout the year, further solidifying the company's financial outlook.
See More
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- CFO's Remarks Boost Stock: Intel's CFO David Zinsner revealed at a tech conference that yield improvements for the 18A node are exceeding internal projections, contributing to a 6.1% stock increase and enhancing market confidence in Intel's future.
- Increased External Customer Interest: Zinsner noted that as yields for the 18A node continue to improve, external customers are showing increased interest in the 18AP variant, potentially accelerating Intel's foundry ambitions and strengthening its market competitiveness.
- Revival in Server CPU Demand: Zinsner highlighted a resurgence in server CPU demand driven by agentic inference applications, further solidifying Intel's position in the data center market and indicating future growth potential.
- Improving Supply Constraints: Although Intel's stock has pulled back from its 52-week high, supply constraints are viewed as a relatively positive issue; if the 18A node continues to improve, it could attract more external customers and drive the stock higher.
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- Voice Interface Innovation: The company will introduce a highly conversational AI voice interface in its R1 and R2 models, which is expected to improve user experience and strengthen brand appeal, helping Rivian stand out in the competitive EV market.
- Full Autonomy Goal: Rivian aims for full Level 5 autonomy, with plans to enable hands-free driving on over 3.5 million miles of North American roads by the end of 2026, significantly boosting its product competitiveness.
- Valuation Advantage: Despite facing fierce competition in AI and autonomy, Rivian's current sales valuation stands at just 3.4 times, compared to Nvidia's 25 times and Tesla's 15 times, highlighting its attractiveness as a potential AI investment.
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- Market Rebound: Following the first easing of oil prices, tech stocks saw a recovery, with the Nasdaq Composite rising approximately 1.3% and the S&P 500 climbing about 0.8%, indicating a renewed optimism among investors regarding future market conditions.
- Chip Stocks Recovery: Nvidia (NVDA) shares increased by about 2% and AMD surged nearly 4%, reflecting ongoing investor confidence in AI-related technologies, despite persistent supply chain challenges in the sector.
- Strong Intel Performance: Intel (INTC) shares soared approximately 6% after CFO David Zinsner indicated at a conference that the server CPU market is expected to grow significantly by 2026, although supply issues remain a challenge for the company.
- Growth in Chip Equipment Makers: Chip equipment manufacturers like Lam Research (LRCX) rose about 4%, while ASML and Applied Materials (AMAT) each gained around 3%, reflecting strong expectations for semiconductor equipment demand in the near future.
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- Strong Economic Data: The February ADP employment report revealed an addition of 63,000 jobs, surpassing expectations of 50,000, indicating continued growth in the labor market and bolstering investor confidence in economic recovery.
- Service Sector Expansion: The US services index unexpectedly rose to 56.1, marking the fastest expansion in 3.5 years, while service price pressures fell to an 11-month low, demonstrating economic resilience that could further drive stock market gains.
- International Situation Impact: Reports of Iran making indirect contact with the US to negotiate an end to the war boosted market sentiment, although Iranian media denied the claims, the hope for an early resolution to the conflict remains.
- Oil Price Volatility: Despite crude oil prices being affected by the Iranian drone attack and the closure of the Strait of Hormuz leading to production cuts in Iraq, the market estimates a risk premium of $18 per barrel, reflecting heightened concerns over energy supply.
See More
Intel Faces Supply Shortages but Sees Strong Demand for Server Processors
- Capacity Utilization Over 100%: Despite facing internal supply shortages, many of Intel's manufacturing units are operating at over 100% capacity, indicating the company's resilience and potential in meeting market demand.
- Supply Shortage Persistence: The CFO stated that the supply shortfall is expected to last until the end of the year, but it will gradually ease, providing hope for a recovery in production capabilities in the future.
- External Client Opportunities: The CFO revealed that CEO Lip-Bu Tan is considering offering Intel's 18A manufacturing technology to external clients, a strategic shift that could create new revenue streams and enhance market competitiveness.
- Stock Price Surge: Driven by strong demand for server processors, Intel's shares surged over 6% on Wednesday, reflecting market optimism about the company's future growth, with current trading around $45.85.
See More
Intel Shares Surge Following Positive CFO Remarks at Tech Conference
- Stock Surge: Intel shares rose 6.1% on Wednesday to $45.97, with a market cap of $215 billion, driven by a rebound in tech and AI stocks, alongside positive remarks from CFO David Zinsner at a tech conference.
- Yield Improvement: Zinsner disclosed that Intel is making yield ramp improvements for its critical 18A node, exceeding internal projections, which is crucial for competing with Taiwan Semiconductor Manufacturing and could attract external customers to its foundry services.
- External Customer Interest: With positive feedback on the 18A product, Panther Lake, Zinsner noted that external foundry customers are now considering the 18AP node, potentially accelerating Intel's ambitions to serve outside chipmakers and enhancing its market position.
- Reviving Server Demand: Zinsner also highlighted a resurgence in server CPU demand driven by agentic inference applications, providing strong support for Intel's future growth, with expectations for improved foundry margins throughout the year, further solidifying the company's financial outlook.
See More
Intel Shares Surge 6.1% Amid Positive Conference Insights
- CFO's Remarks Boost Stock: Intel's CFO David Zinsner revealed at a tech conference that yield improvements for the 18A node are exceeding internal projections, contributing to a 6.1% stock increase and enhancing market confidence in Intel's future.
- Increased External Customer Interest: Zinsner noted that as yields for the 18A node continue to improve, external customers are showing increased interest in the 18AP variant, potentially accelerating Intel's foundry ambitions and strengthening its market competitiveness.
- Revival in Server CPU Demand: Zinsner highlighted a resurgence in server CPU demand driven by agentic inference applications, further solidifying Intel's position in the data center market and indicating future growth potential.
- Improving Supply Constraints: Although Intel's stock has pulled back from its 52-week high, supply constraints are viewed as a relatively positive issue; if the 18A node continues to improve, it could attract more external customers and drive the stock higher.
See More
Rivian: The Intersection of EVs and AI Potential
- In-House AI Chip Production: Rivian plans to manufacture its own AI chips to reduce reliance on external suppliers, addressing current chip shortages and enhancing its competitiveness in self-driving technology development.
- Voice Interface Innovation: The company will introduce a highly conversational AI voice interface in its R1 and R2 models, which is expected to improve user experience and strengthen brand appeal, helping Rivian stand out in the competitive EV market.
- Full Autonomy Goal: Rivian aims for full Level 5 autonomy, with plans to enable hands-free driving on over 3.5 million miles of North American roads by the end of 2026, significantly boosting its product competitiveness.
- Valuation Advantage: Despite facing fierce competition in AI and autonomy, Rivian's current sales valuation stands at just 3.4 times, compared to Nvidia's 25 times and Tesla's 15 times, highlighting its attractiveness as a potential AI investment.
See More
Chip and AI Stocks Rebound Amid Easing Oil Prices
- Market Rebound: Following the first easing of oil prices, tech stocks saw a recovery, with the Nasdaq Composite rising approximately 1.3% and the S&P 500 climbing about 0.8%, indicating a renewed optimism among investors regarding future market conditions.
- Chip Stocks Recovery: Nvidia (NVDA) shares increased by about 2% and AMD surged nearly 4%, reflecting ongoing investor confidence in AI-related technologies, despite persistent supply chain challenges in the sector.
- Strong Intel Performance: Intel (INTC) shares soared approximately 6% after CFO David Zinsner indicated at a conference that the server CPU market is expected to grow significantly by 2026, although supply issues remain a challenge for the company.
- Growth in Chip Equipment Makers: Chip equipment manufacturers like Lam Research (LRCX) rose about 4%, while ASML and Applied Materials (AMAT) each gained around 3%, reflecting strong expectations for semiconductor equipment demand in the near future.
See More
US Stocks Rise on Economic Strength Amid Iran War Concerns
- Strong Economic Data: The February ADP employment report revealed an addition of 63,000 jobs, surpassing expectations of 50,000, indicating continued growth in the labor market and bolstering investor confidence in economic recovery.
- Service Sector Expansion: The US services index unexpectedly rose to 56.1, marking the fastest expansion in 3.5 years, while service price pressures fell to an 11-month low, demonstrating economic resilience that could further drive stock market gains.
- International Situation Impact: Reports of Iran making indirect contact with the US to negotiate an end to the war boosted market sentiment, although Iranian media denied the claims, the hope for an early resolution to the conflict remains.
- Oil Price Volatility: Despite crude oil prices being affected by the Iranian drone attack and the closure of the Strait of Hormuz leading to production cuts in Iraq, the market estimates a risk premium of $18 per barrel, reflecting heightened concerns over energy supply.
See More
