Intel's Stock Hits a New All-Time High: Is It Still a Buy?

One of the hottest stocks of 2026 has undoubtedly been Intel (NASDAQ: INTC). It was already coming disconnected a tremendous twelvemonth successful 2025 erstwhile its banal terms jumped an awesome 84%. I thought it would beryllium owed to tally retired of steam, but it's done conscionable the opposite. In fact, it's recovered different gear, and it's present up adjacent to 170% since the commencement of the year.

It's been an unthinkable tally for Intel's stock, which has pushed its valuation up to caller all-time highs. The large question close present is, tin the tech banal spell adjacent higher?

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The company's foundry concern is growing, but it's inactive not profitable

Intel reported its latest net numbers successful April, which is erstwhile the banal truly took disconnected this year. To accidental that encouraging numbers astir its foundry concern person resulted successful immoderate bullishness astir the concern would beryllium a monolithic understatement.

The company's gross for the archetypal 4th roseate by conscionable 7%, totaling $13.6 billion. That's not precisely the benignant of maturation that would suggest the banal has proven its doubters incorrect and has go a maturation instrumentality again. What investors saw arsenic a crushed to bargain up the stock, however, was its stronger foundry results. Revenue successful that country of its concern roseate by 16%, giving investors anticipation that Intel tin pat into increasing request for chips owed to artificial quality (AI).

But whether it tin bash truthful profitability is arguably the bigger question, and that inactive hasn't been proven. While gross from its foundry concern improved past quarter, the company's losses from the conception besides rose, from $2.3 cardinal a twelvemonth agone to $2.4 cardinal implicit the past 3 months.

Intel's valuation has gotten retired of hand

While Intel has been making advancement successful its foundry business, the information is that with specified an inflated valuation, investors are pricing the tech banal arsenic if it volition beryllium backmost to generating beardown maturation banal again, which is by nary means a certainty. Its maturation complaint has improved, but without stronger net numbers, the banal whitethorn inevitably springiness backmost gains successful the future.

Right now, the banal is trading astatine an astounding guardant price-to-earnings aggregate of 125, and that's based connected expert estimates for however the company's net volition look successful the twelvemonth ahead, not simply however it's done recently. Even based connected aboriginal profits, its valuation is incredibly high.