Intel’s Foundry Surge Shocks Wall Street | Durham News

Durham News Today | 2 Min News | The Daily News Now! · Jul 5, 2026 · 1m

Intel’s stock is heating up after analyst Frank Lee dramatically raised his price target from $24 to $200, calling the move “too good to ignore.” Once skeptical of Intel’s foundry business due to lack of customer commitment, Lee now sees major players like Apple, Alphabet, and Microsoft poised to join by late 2026, fueled by Intel’s advanced packaging tech. He’s also upgraded forecasts for server CPU growth and AI/data center revenue, positioning them as key earnings drivers. While most analysts remain cautious with “hold” ratings and targets around $101, Lee’s track record proves he’s right…