$Intel(INTC)$ The demand for chips far exceeds supply. Only three companies manufacture them: TSMC, Intel, and Samsung. TSMC is fully booked into 2028. All the chip designers like Apple, Tesla, AMD, Nvidia, Broadcom, Meta, Microsoft, Amazon, and Google… have to diversify their manufacturing beyond TSMC. That's where Intel comes in.
Intel's most advanced nodes, 18A and 18AP (not to mention 14A coming in 2027), are ahead of TSMC and way ahead of Samsung. TSMC is only ahead in yield density, but Intel will catch up in Q4. Plus, Intel is adding new fab capacity.
Market makers and institutional investors are realizing this and buying Intel stock. No other company in the world besides Intel controls design, manufacturing, and packaging. Intel does all three.
I believe Intel can earn $5 per share by 2028. The bears point to the high P/E, but the "E" will be much higher going forward. I think Intel will be a $1T company by the end of 2027.
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