Intel Seen Losing CPU Share in 2027 -- Market Talk

1203 ET - Morgan Stanley analysts don't find the Intel investment case compelling, even after PC softness in the third quarter triggers a 29% drop in the stock price. Beyond the third-quarter weakness, Intel failed to deliver what the analysts say would build more confidence in the stock: a path to leadership in the CPU market. "Intel describes 2027 as an investment year, but even with the high capital spending requirements, it is clear to us that it will lose share to fabless competitors that have no such requirement, with AMD, NVIDIA, Graviton and Axion all materially outgrowing Intel's 30% market growth rate in CPU next year," the analysts write. Intel's multiple should be dampened if the CPU shortage is temporary, they add. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

October 30, 2026 12:03 ET (16:03 GMT)