Intel shares have fallen 31% since the start of July after rising sharply in the first half of 2026. The article argues that third-quarter results due October 29 could support the stock, as demand for server CPUs from AI data centers running inference is outpacing supply, and Intel has raised CPU prices cumulatively by 30% in 2026. Analysts expect third-quarter revenue to rise 21% to $16.5 billion and EPS to reach $0.40, slightly above guidance. The stock trades at just under 50 times forward earnings, compared with 21 times for the Nasdaq-100. SemiAnalysis projects global data center capacity could grow by 51.2 GW in 2027, double the estimated 25 GW addition in 2026.
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