Intel stock price forecast remains bullish short-term after the company outlined a $20B foundry expansion. Institutional flows indicate rotation into U.S. chipmakers, giving Intel potential to outperform the Philadelphia Semiconductor Index by 2–3% this quarter. TSMC has invested for decades building expertise in cutting-edge chipmaking processes, which allows its clients to focus on what they do best, which is designing the most powerful chips in the world. The relationship TSMC built with its clients over the years is a competitive advantage. Its moat is so wide that even Intel has not been able to make headway against TSMC despite recent investments to build its own foundry business. Intel now trades not on earnings but on belief. The company has rebranded itself as America’s semiconductor safeguard, an identity that commands political capital but demands flawless execution. Its 83.7% year-to-date rally contrasts violently with its –38.6% profit margin , –4.77 EPS , and still-declining core revenue base. The next test arrives on October 30, 2025 , when Intel reports Q3 earnings . Analysts expect a razor-thin $0.01 EPS on $13.1 billion in revenue , with a possible rebound to $0.63 EPS by FY2026 if foundry revenues scale. Whether these forecasts materialize depends entirely on execution and sustained external demand. Intel stock price forecast from J.P. Morgan pins high scenario at $48 by November 2024, contingent on sustained orders from hyperscale cloud providers. This scenario assumes capacity utilization above 80%.