Intel stock rises as HSBC gives its foundry business the highest target price on Wall Street

Analyst Frank Lee holds a more positive view on Intel's Foundry business, stating that the business is "now too significant to ignore" as "Intel’s collaboration with external clients has been continuously increasing." "Growth in server CPUs remains a key driver for Intel’s profit growth in fiscal years 2026 and 2027," and "thanks to the reallocation of internal foundry capacity, Intel is well-positioned to increase server CPU shipments in 2026 and 2027."