Intel Q3 Preview: Server CPU Shortage Sets Up A Pricing Tailwind, Strong Buy

Intel Corporation is in the early stages of a multi-year turnaround driven by surging CPU server demand for AI inference workloads. INTC's financial outlook is robust, with forecasted FY26 revenue of $63.66B with multiple partnerships that will deliver long-term growth over the coming years. I reiterate a Strong Buy rating on INTC with a $164/share price target, supported by improving margins, foundry expansion, and strategic partnership talks.