Xeon's quietly back in the mix because agentic AI still rides on CPUs, not just GPUs. Q1 made that obvious with data center up 22%. The headline keeps pointing at foundry, but that's not where the recovery's coming from.
The fabs are still bleeding. External customers are basically nowhere. Yields are improving but that mostly helps Intel make Intel chips cheaper, which isn't a turnaround anyone should pay up for.
Long INTC for the CPU side, not the foundry dream. You're eating fab losses either way, just be honest about which trade you're in.
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- valli·04-29 00:47long term price targets for intelLikeReport