Is Intel Stock a Buy Right Now?

• Intel stock up 150% YTD despite 36% pullback from June highs • Q2 revenue grew 25% to $16.1B, AI revenue up 70% • Gross margins jumped to 42% from 30% YoY; long-term target 50% Intel's stock rose 150% YTD through Oct. 21, driven by record revenue growth, but fell 36% from June highs. Q2 revenue hit $16.1B (+25% YoY), beating guidance by $1.8B. AI revenue grew 70% YoY, representing 70% of total revenue. Server growth was the strongest on record. Adjusted gross margin reached 42% vs 30% a year ago, with long-term target of 50%. CFO Zinsner sees AI agents requiring 4-6x more processors than model training. Foundry losses remain a drag at $2.1B.