Intel (INTC) shares rose 5.9% on Wednesday following optimistic projections from CFO Dave Zinsner at a Morgan Stanley conference. Zinsner forecasted meaningful growth in the server CPU market by 2026. He cited strong demand across all sectors as the primary driver for this outlook.
Intel’s manufacturing facilities are currently operating at over 100% capacity to meet high demand. Zinsner indicated that supply constraints will likely persist through the year and may present a greater challenge in the coming year. Memory chip shortages could last until 2027, primarily impacting the PC market.
The company is also reconsidering its strategy for its 18A manufacturing technology. Intel may open this advanced node to external customers to expand its foundry business.