Intel’s Stock Doubles as Foundry Business Poised to Earn $3B
KKM Financial CEO Jeff Kilburg remains bullish on Intel after its stock doubled recently, citing sustained momentum and an improved narrative. Intel’s foundry unit is projected to generate $3B in profit next year, backed by Terafab initiatives and a better-than-expected Q2 revenue outlook.
1. Investor Sentiment Shift
KKM Financial CEO Jeff Kilburg has maintained a bullish stance on Intel despite the stock more than doubling recently. He highlights that the upward momentum and shifting narrative around Intel justify staying invested until clear signs of weakness emerge.
2. Foundry Profit Forecast
Intel’s foundry business, once viewed as a weak spot, is now expected to turn profitable and generate around $3 billion next year. Projects like Terafab are central to this turnaround, offering advanced manufacturing capacity that underpins the profit forecast.
3. Q2 Revenue Beat
Intel’s forecast for second-quarter revenue exceeded Wall Street expectations, triggering the latest rally in chip stocks. The stronger-than-anticipated outlook has reinforced investor confidence in Intel’s growth trajectory and operational execution.
4. Attention Risks
Despite the positive developments, high levels of investor attention have introduced unease about a potential market top. Kilburg warns that continued scrutiny and lofty valuations could amplify downside risks if momentum falters.