Intel gains momentum as Google and Nvidia fuel foundry hopes
Intel shares have attracted increased investor attention following reports that Google may place a major AI chip manufacturing order with Intel Foundry, while Nvidia is reportedly considering the company as an additional manufacturing partner.
According to reports from The Information, Google plans to order more than 3 million TPU chips from Intel for delivery in 2028. In addition, Nvidia is exploring Intel as a potential backup manufacturing partner amid capacity constraints at TSMC.
Another positive catalyst was the expansion of Intel's partnership with Cadence Design Systems to support the company's upcoming Intel 14A process technology.
The development has strengthened investor confidence in the commercial prospects of Intel's future manufacturing capabilities.
Intel forms bullish continuation pattern
On the daily chart, INTC has formed a bull flag, one of the most widely recognized continuation patterns in technical analysis.The RSI (14) remains in neutral territory, indicating that the stock is neither overbought nor oversold and may have room for further upside.
The expected trading range for today is between $111 (the previous session's opening price) and $116.42 (the opening price from June 3).
The key resistance zone is located between $118 and $120. A successful breakout above this area could open the door for a test of the stock's all-time high.
Rising expectations become Intel's next challenge
Despite growing optimism surrounding Intel and its expanding partnerships, investors should remain cautious.For now, much of the bullish sentiment is based on expectations of future orders rather than realized financial results. Meaningful revenue contributions from these projects may take several years to materialize.
At the moment, the market is primarily pricing in expectations rather than confirmed earnings growth.
EPS next Y: +42.13%
EPS next 5Y: +75.51%
EPS this Y: +157.92%
Based on EPS, investors are buying the Intel they expect to see in 2027–2029.
Some investors are also concerned that the upcoming SpaceX IPO and a potential OpenAI IPO could mark the later stages of the current bull market cycle, increasing the risk of broader profit-taking across high-growth sectors.
Latest Intel News
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