INTC Stock’s Next Boost Could Be Here: Report Says Intel May Land Korea's SK Hynix As Major Customer

Nvidia's latest 13F filing shows a $63.4B US stock portfolio, with Intel and SpaceX making up 80% of the value. The portfolio's value tripled in three months, despite no changes in positions. Nvidia's investments are primarily in companies within its supply chain, including suppliers and customers, according to the filing.

Nvidia (NVDA) reported strong Q2 earnings, raised guidance, and projected 70% annual revenue growth by 2028, surpassing expectations. The company introduced its Vera CPU for AI agents, aiming for $20B in CPU sales by 2027 and doubling that by 2028. This poses competition for AMD (AMD) and Intel (INTC), which also benefit from growing agentic AI demand. Bank of America raised its server CPU TAM estimate to $210B by 2030 due to AI agent growth.

Intel (INTC) shares fell 2.85% to $89.47 as Q2 results showed a $2.09B foundry loss, despite 31% revenue growth. CFO David Zinsner reported faster-than-targeted 14A defect density improvements, indicating potential long-term manufacturing benefits. Companywide revenue rose 25% to $16.1B, with a 41.8% non-GAAP gross margin. Analysts remain cautious, with an average price target of $107.46.

Intel's CFO David Zinsner reported at the Deutsche Bank Technology Conference that the 14A process defect density is improving faster than internal targets, comparing favorably to the 22-nm process. Intel aims for 15-20% more performance or 25-35% lower energy consumption with 14A. Discussions with external foundry customers have become more concrete, though no major contracts have been confirmed. Intel's future manufacturing expansions depend on securing external demand.

AMD's market share for x86 client CPUs reached 30.3% in Q2, up from 21.1% two years ago, while Intel's share dropped to 69.7%. AMD's data center revenue more than doubled to $6.7B, with server share at 34.5%. AMD expects data center sales to double by 2027. AMD's stock surged 182% over the past year, outperforming the sector, with Q2 revenue of $11.54B and EPS of $1.66. Intel reported Q2 revenue of $16.13B and EPS of $0.42, with a consensus 'Hold' rating and average price target of $113.87.

Intel (INTC) shares rose 3% after Tesla CEO Elon Musk announced plans to use Intel's 14A chip process for the Terafab project. Intel's Q1 2026 earnings are due Thursday, with analysts expecting EPS of $0.02 and revenue of $12.4B. HSBC upgraded INTC to 'Buy' with a $95 target, citing server processor momentum.