Prediction: Intel Stock Could Have a Major Catalyst Ahead

Intel earns a BUY with a $101.53 price target as Q2 revenue surged 25% and AI data center sales jumped 59%.

AMD's P/E of 177 and NVDA's 44 bracket Intel's forward multiple of 72, strengthening the BUY case ahead of October earnings.

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Intel ( NASDAQ:INTC ) closed at $89.51 on August 31, 2026, up 267.6% over the past year on the back of an Intel 18A ramp, an NVIDIA equity investment, and a data center business with AI momentum.

Our 24/7 Wall St. price target for Intel is $101.53, pointing to upside from here, with a buy recommendation and high model confidence.

Intel has surged in 2026, up 142.57% year to date and trading roughly 19% off its 52-week high of $142.35. Q2 2026 was the inflection point.

Revenue of $16.13 billion grew 25.42% year over year and beat consensus by 11.64%, while non-GAAP EPS of $0.42 exceeded the $0.22 estimate. CEO Lip-Bu Tan called it "the strongest revenue growth in more than 15 years." Data Center and AI revenue jumped 59% to $6.26 billion. The next earnings report is scheduled for October 26, 2026, a near-term catalyst.

Intel Foundry revenue grew 31% in Q2 with 18A output at "approximately 25% above target and up more than 50% quarter-over-quarter." Panther Lake SKU costs are down roughly 50% year to date.

Tan said "Strong demand for our products continue to outpace our growing supply" and pegged the ASIC opportunity at over $100 billion (the same buildout thesis behind the power, cooling, and networking suppliers we profiled in a free AI infrastructure report).

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