Intel Surges on Melius Research's 100%+ Upside Call, Citing Foundry Value

Intel (INTC) shares could double from current levels, according to Melius Research, which reiterated a Buy rating and a two-year price target of $165, with potential for $200. The analyst highlights the increasing value of Intel's foundry business amid AI-driven demand for domestic chip production. The recent $20 billion stock sale to fund foundry ambitions is seen as a sign of management conviction. The foundry and product businesses could each be worth over $80, with the foundry potentially spinning off as a 'US Foundry National Champion' by 2030 🔗.