$Intel(INTC)$ Back in March, I thought $75 by year-end was optimistic. Now, I feel $200 is too low. Intel is selling every chip they can make, everything they can package, and every substrate they can manufacture. Demand is so strong they have pricing power and are even selling binned parts at full price that would have been discarded before. Regardless of geopolitical concerns around Taiwan, demand for foundry capacity will outpace supply for years.
$Intel(INTC)$ Intel's stock has held strong in the 117-118 range. The outlook looks positive moving forward, and with Intel's conference from June 2 to 5, I expect some upward movement from that as well.
$Intel(INTC)$ As a general rule, the market tends to overshoot by 20% to 30% after an upgrade. So, I'm looking at Intel around $170 to $190 by the next quarter report.
$Intel(INTC)$ I think the point that Lip Bu made about foundry yields tracking the 7-8% industry standard learning curve is really underappreciated right now. Honestly, the process improvement is way more important than any static yield measurement. If that rate of improvement holds and 18A can reach mature high-volume manufacturing, it's pretty much game over.