Street View: Intel's ambitions hit a supply‑chain speed bump

Intel INTC.O said on Thursday that it has struggled to keep up with demand for its server chips used in AI data centers, issuing a quarterly revenue and profit forecast that came in below market expectations.

Shares fell about 13% in premarket trading

BIG PLANS HIT A WAFER‑THIN REALITY CHECK

Bernstein ("market-perform," PT: $36) said Intel "woefully misjudged" the strength of the server cycle, leaving its capacity footprint "massively off‑guard," and warned that the early 18A ramp remains margin‑dilutive

RBC ("sector-perform," PT: $48) said Intel's near‑term outlook remains weak as wafer supply constraints and early 18A ramps weigh on gross margins, adding that meaningful revenue from potential 14A foundry customers is unlikely before 2028

J.P.Morgan ("underweight," PT: $35) said Intel's ongoing shortage of internal wafer capacity is constraining data center and AI growth and will likely continue to weigh on margins and revenue until supply begins to improve in Q2

TD Cowen ("hold," PT: $50) said Intel's long‑term foundry "dream" is still alive; stock driven more by narrative than fundamentals amid a still‑challenging competitive landscape