Intel is currently in a transition period. After the pullback, it will keep rising; the next support level is at 80.

📊 Core moat
· 🏭 Foundry business (FAB): A technological turnaround is the key. The 18A process yield has jumped to 85%, nearing TSMC. It has already secured large orders from NVIDIA, AMD, and others; the IDM model ensures the certainty of scarce supply.
· 🔗 Advanced packaging (EMIB): A new ace. The EMIB-T packaging yield reaches 98%, comparable to TSMC’s CoWoS—critical for lowering costs and improving efficiency for AI chips. NVIDIA, Google, and others are using it.
· 💻 CPU business (DCAI): In the AI inference era, CPUs are back to their role as the “scheduling hub” in data centers. The CPU-to-GPU mix is shifting from 1:8 toward 1:4, driving demand for server CPUs. In Q1, DCAI division revenue was $5.1 billion (up 22% year over year), serving as the core growth engine.