This May Be the Next Big Catalyst for Intel Stock

Intel's foundry business is gaining momentum with reports of Google placing an order for over three million TPU units in 2028, and Nvidia evaluating Intel's 18A process node. The company's foundry unit generated $5.4 billion in Q1 2026 revenue (up 16% YoY) and accounts for 40% of Intel's top line. While Intel trades at an expensive 141x forward earnings valuation, strong foundry customer growth could justify valuations through accelerated earnings growth.