Investors Appear Enthusiastic On Intel's Spending, For Now -- Market Talk

0921 ET - Intel raised its gross capital spending outlook for the year to $20 billion from about $15 billion, Morgan Stanley says, and the company projects next year's spend to be materially higher than that. The analysts are expecting CapEx of around $30 billion in fiscal 2027. "We would expect investor enthusiasm for this spending to be entirely dependent upon enthusiasm for the longer-term prospects from those investments," they say in a research note. Intel is up 3% premarket, and stands to benefit from burgeoning AI technology which relies on CPUs that are the company's specialty. "The server narrative does support some growth," the analysts say. "But earnings prospects from server alone are at least partially dependent on maintaining a shortage, as CPUs being fully in supply would likely result in some share loss and pricing degradation." (connor.hart@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 09:21 ET (13:21 GMT)