$Intel(INTC)$ Global Equity Research just set a near-term price target of $200 for Intel. They expect the long-term market cap to reach $5 trillion. There's a "sweeping thesis" section in the report for those who want to dig deeper. Basically, they anticipate foundry engagements across the board, while CPUs move in as the main driver of spending in data centers. They project earnings per share to hit $5 by 2030.
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