What smart money is saying about Intel
INTC · Technology · Semiconductors · Market cap $347.61B
7 funds in our archive have pitched Intel, most recently FPA Queens Road Value Fund in September 2026.
Company profile
Intel Corporation designs, develops, manufactures, markets, sells, and services computing and related end products and services in the United States, Ireland, Israel, and internationally. It operates through three segments: CCG, DCAI, and Intel Foundry. The company offers client computing group products, including client and commercial CPUs, discrete client GPUs, edge computing, and connectivity products; data center and AI products, such as server CPUs, discrete GPUs, and networking products; and semiconductors comprising wafer fabrication, substrates, and other related products and services. It also provides driving assistance and self-driving solutions; and develops and manufactures multi-beam mask writing tools. The company sells its products through sales organizations, distributors, resellers, retailers, and OEM partners. It serves original equipment manufacturers, original design manufacturers, cloud service providers, and other manufacturers and service providers. Intel Corporation has a strategic collaboration with Infosys Limited to develop a multi-layer AI fabric that unifies infrastructure, models, data, applications, and workflows into a composable and agent-ready ecosystem. The company was incorporated in 1968 and is headquartered in Santa Clara, California.
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Fund signal · last 12 months
28 lettersMore funds are buying than selling
+3
Net flow
6 buys · 5 new positions · 67%3 sells · 2 full exits
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q4 2026, 30 fund letters reported a position in Intel, with 7 buys (opened or added) and 4 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2026 | 1 | 0 | 1 | 0 |
| Q3 2026 | 12 | 4 | 1 | 5 |
| Q2 2026 | 13 | 1 | 1 | 0 |
| Q1 2026 | 1 | 0 | 0 | 0 |
| Q4 2025 | 1 | 1 | 0 | 1 |
| Q3 2025 | 2 | 1 | 1 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 30 positions · 12 moves
- TrimmedSomma Investimentos FundsOctober 2026
“The global technology sector came under pressure again from investors' questions about its sustainability, its ability to generate positive returns on high investments in AI infrastructure and the increase in indebtedness. As a result, the sector's global index posted a decline of 7.8% in dollars in October, a performance superior to that of the fund, which has investments that diverge from the composition of the sector index. The global technology sector has been strongly impacted by revaluations of shares of companies linked to artificial intelligence. Investors began to question whether the enormous investments in data centers and chips will generate sufficient returns and quickly enough, while the increase in indebtedness and financing costs raise the risk that these projects will pressure companies' cash flow. The concern gained strength after large companies raised or maintained high spending plans. Amazon, for example, maintained its capex forecast of US$ 220 billion for 2026 and reported negative free cash flow for the second consecutive quarter. At the same time, strong results from some companies were not enough to sustain the entire segment, signaling that the market was demanding not only growth in AI demand, but also evidence of profitability. The pressure also spread to companies and exchanges outside the US, especially in semiconductors. On October 30, after disappointing results and outlooks from Intel and Amazon, Intel fell 28.6% and the Philadelphia semiconductor index retreated 7.2% on the day. In Europe, the technology index fell 2.75%, with losses of 9% to 13% in some component manufacturers. Earlier in the month, chip stocks in South Korea and Europe also suffered, despite robust results from TSMC and ASML, reflecting concerns about interest rates, financing of AI expansion and Chinese competition in memory. Thus, the decline seems to have combined profit-taking, and repricing of elevated expectations, with doubts about return on invested capital. Operating data and market returns showed distinct signals. The Semiconductor Industry Association - SIA, which is the trade association of the United States semiconductor industry, reported on 10/5 that worldwide semiconductor sales in August totaled US$ 159.7 billion, up 8.0% versus July and 144.3% versus August 2025, accumulating more than US$ 1 trillion through August. TSMC reported on 10/15 third-quarter results (July–September) in which revenue was US$ 46.7 billion (+41.2% y/y) and net income up 68.7% y/y. About 79% of TSMC's revenue is related to the sale of wafers at 7 nm or more advanced nodes. In contrast, between the closings of 10/1 and 10/30, ASML shares fell 11.5% in euros and Samsung Electronics shares declined 18.5%. In China, the October manufacturing PMI fell to 49.3, HIGH Risk Profile Scale 31 Monthly Letter SOMMA Investimentos OCTOBER | 2026 Open Vista Tecnologia Global Ações Classe Única Investimento no Exterior HIGH Risk Profile Scale although the high-tech manufacturing PMI remained in expansion, at 51.3. The production and new orders indices for computers, communications equipment and electronics stood at 53% or more. On 10/15, Japan and the United States announced a semiconductor project in New York, with an initial cost estimated at US$ 10 billion, potential to reach US$ 21 billion and construction expected to begin by the end of 2026. Among the fund's positions, noteworthy, in addition to Nvidia, Microsoft, Apple and Broadcom, which together represent 23.2% of the fund, are companies such as TSMC, Samsung, Lam Research and AMD, these with 13.3% of the fund.”
Intel - New positionFindlay Park American FundSeptember 2026
“We added Amazon back to the Fund in July, having sold our previous holding in 2023 when its earnings and cash-flow outlook had become harder to forecast. The shares had subsequently underperformed, and we returned at a low-twenties forward earnings multiple, broadly in line with the market. Its second-quarter results were encouraging, with AWS revenue growing 37% year-on- year, providing evidence that its AI investments are bearing fruit. We also see scope for AI-enabled robotics to improve retail efficiency, although capital spending will weigh on near-term cash flow. We initiated a 1% position in Intel, where improving demand for its processors and progress in next- generation manufacturing support our investment case.”
Intel - September 2026
Listed in Royal London AM US Equity Trust’s reported holdings.
Intel - September 2026
“Q: What has been your worst mistake and what did you learn from it? A: Intel.”
Intel - September 2026
“Intel (INTC) is one of the world’s largest semiconductor chip makers. Intel underperformed along with other semiconductor makers amid elevated valuations and investor concerns about AI spending durability. Casey’s General Stores (CASY) is a convenience store chain operator. The stock underperformed as same-store sales slowed notably and management did not raise guidance amid elevated expectations. Large Cap Growth Commentary: 3rd Quarter 2026 3 jagcap.com Portfolio Activity New Buys Full Sells Company Sector Palantir Information Technology Visa Financials Atlassian Information Technology Palantir (PLTR) is a leading data analytics and enterprise software company. We are re-establishing the position as US commercial revenue growth continues to accelerate as enterprises adopt the company’s industry-leading AI solutions. Additionally, the stock should benefit from improving sentiment surrounding Software as peak AI disruption fears fade. Visa (V) is the world’s leading payment processing network. We believe the stock is well positioned to outperform tied to healthy consumer demand and undemanding valuations. Atlassian (TEAM) is a leading provider of work collaboration software. Recent earnings showed growth acceleration across key metrics as Atlassian’s AI offerings are gaining traction. Additionally, the stock should benefit from improving sentiment surrounding Software as peak AI disruption fears fade. Company Sector Bloom Energy Industrials Intel Information Technology Walmart Consumer Staples XPO Industrials Astera Labs Information Technology Bloom Energy (BE) is an onsite power provider. We exited our position as relative strength continued to deteriorate and as the company could face challenges in scaling production given limitations on the supply of scandium. Intel (INTC) is one of the world’s leading semiconductor companies. We divested our position following significant outperformance as the upside potential is limited due to elevated expectations, in our view.”
Intel - September 2026
Listed in Royal London AM US Equity Fund (IRL)’s reported holdings.
Intel - September 2026
“On the downside, stock selection in parts of the US technology sector detracted modestly. Palantir, which is not held in the portfolio, delivered exceptionally strong results and rallied sharply. Meanwhile, holdings in SK Hynix, Vertiv Holdings, Intel and BE Semiconductor Industries were caught up in the rotation away from semiconductor stocks.”
Intel - New positionLiontrust GF Global Dividend FundSeptember 2026
“Portfolio activity This was a highly active quarter: 13 stocks exited, replaced with 13 new names from our watchlist, and our weighting to information technology, which we had cut to c.25% of the Fund by the end of June (underweight relative to the benchmark), was rebuilt to c.39% by the end of the period. We would not expect this level of activity to be typical, and we are not seeking turnover for its own sake: when the market offers world class franchises back at material discounts to where you sold them weeks earlier, while their earnings power strengthens, sitting still is the greater risk. Three months ago we wrote that we had sold eight winners while they were still winning, recycling the capital into wider valuation gaps. July then reopened gaps in several of the companies we had sold: they fell sharply while their earnings kept rising, and we bought them again. SK hynix and Ibiden are described above; Applied Materials, the semiconductor equipment leader, and GE Vernova returned as valuations fell back to attractive levels; and Rio Tinto, whose strong copper delivery (EBITDA up 84% to $5.7 billion in the first half) supported a 43% increase in the interim dividend, rejoined the Fund. The July sell-off also gave us our first opportunity in years to own ASML, the sole supplier of the lithography on which every leading edge chip depends, which has long traded at prices we could rarely justify. We also made a number of new additions. Intel has struggled in recent years but has been transformed under chief executive Lip-Bu Tan: 15 of its 18 most senior managers have changed under his watch, the company told us in Silicon Valley in September.”
Intel - New positionLiontrust Global Technology FundSeptember 2026
“Intel, a position we opened in mid September, was among our largest omissions three months ago.”
Intel - New positionLiontrust GF Global Technology FundSeptember 2026
“Intel, a position we opened in mid September, was among our largest omissions three months ago.”
Intel - September 2026
“Our top detractors for the quarter were Intel, American Express, Trane Technologies, Cisco, and General Dynamics. Intel declined about 14% for the quarter, giving back a portion of the sharp gains it made through the spring and early summer.”
Intel - September 2026
“During the quarter, the Fund exited its investment in Rambus and reduced existing positions in Entegris, Inc., BE Semiconductor Industries N.V., Lowe’s Companies, Inc., Mastercard, Inc., O’Reilly Automotive, Inc., S&P Global, Inc., Texas Instruments, Inc., Shift4 Payments, Inc. and APi Group Corporation. Proceeds from these transactions were used to add to positions in Texas Pacific Land Corporation, Intel Corporation, Mobility Global, Inc., GFL Environmental, Inc., Silicon Motion Technology Corporation and XPEL, Inc.”
Intel - July 2026
“8. Intel (INTC) ● Business: Global leader in semiconductor design and manufacturing. ● Insider Buying/Selling: Based on recent financial reports and SEC Form 4 filings, Intel Corporation (INTC) has seen virtually no significant open-market insider buying over the last 90 days although the U.S Government, Nvidia, and others have taken significant stakes last year. ● Recent News: The primary driver behind Intel's massive year-to-date stock rally (surging over 240% in H1 2026) was an announcement on June 18, 2026, when President Donald Trump stated on social media that Apple (AAPL) agreed to partner with Intel to design and manufacture chips domestically in the U.S. While neither Apple nor Intel has formally signed or finalized details, Wall Street viewed this as a monumental validation of Intel's 18A and 18A-P manufacturing nodes. Analysts at Reuters point out that actual high-volume production for Apple chips would still be two to three years away (expected around late 2027 to 2029), presenting long-term execution risks. SpaceX unveiled Terafab in March 2026, a semiconductor venture with Tesla, xAI, and Intel to build chips for orbital AI data centers, with initial investment of $55 billion and total investment of $119 billion, where Intel contributes 14A manufacturing process. Intel stock surged 425% over the past year under CEO Lip-Bu Tan, with the company mastering 18A manufacturing for 1.8 nanometer chips to compete with TSMC and AMD.2 Our Thesis: Intel represents a critical entity in domestic semiconductor fabrication, making the reshoring of semiconductor manufacturing an essential priority for the United States. The primary alternative provider in this sector is TSMC, which commands the vast majority of advanced nodes globally, with estimates indicating a market share of 80% to 90% for high-volume, cutting-edge artificial intelligence silicon. It is improbable that TSMC will relocate most of its critical manufacturing infrastructure to the United States, as this capacity serves as a strategic deterrent against potential intervention by China. TSMC functions as a vital protective asset for 10 Confidential The Insiders Fund Taiwan, and the nation is unlikely to establish sufficient capacity within the United States to diminish the strategic necessity of its external defense. Although an investment in Intel may appear inconsistent with prior observations regarding an impending data center bubble, a strategic rationale supports the decision. Following the limited public support for the conflict between Iran and the United States, it is highly improbable that the American public would support a military conflict with China over Taiwan, given the anticipated loss of U.S. lives and resources. Consequently, the success of Intel appears to be a necessary outcome. If capital spending slows, Intel will not be spared but it might go on longer than most. At any case we are small and agile and can exit easily if needed.”
Intel - June 2026
“Market Overview After a challenging first quarter that saw the S&P 500 Index decline 4.3%, markets rebounded sharply in the second quarter. The S&P 500 climbed 15.2%, driven by a surge in information technology (IT) stocks, particularly semiconductor stocks, which soared 44.0%. The ClearBridge Dividend Strategy rose nicely but lagged the exuberant gains of S&P 500 mainly due to our lower technology exposure. While no one likes to trail in sharp market rallies, diversified dividend growth portfolios tend to lag in these narrow, momentum driven markets. Our research shows, however, that these periods tend to be followed by periods of broader market participation in which diversified dividend-growth portfolios shine. Semiconductor memory stocks were the standout performers. Shares of Micron, the largest producer of storage chips, skyrocketed 240%, adding over $900 billion of market cap — more than the entire market capitalization of Exxon Mobil, Johnson & Johnson or JPMorgan Chase. Our underweight to Micron and a select group of other non-dividend- paying data center plays, like Advanced Micro Devices, Intel and SanDisk, were the largest drivers of our relative underperformance. We previously owned Intel but sold it in 2024 when the company eliminated its dividend.”
Intel - June 2026
“Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in the Intel, SK Square, TSMC and ASM International were among the fund's strongest contributors.”
Intel - June 2026
“Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in Intel, SK Square, TSMC and ASM International were among the fund's strongest contributors.”
Intel - June 2026
“Performance commentary The trust outperformed its benchmark over the quarter. This was the result of positive stock selection, with holdings in the information technology and healthcare sectors performing particularly well. Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in the Intel and Micron Technology were among the fund's strongest contributors.”
Intel - June 2026
“The fund outperformed its benchmark over the quarter. This was the result of positive stock selection, with holdings in the information technology and healthcare sectors performing particularly well. Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in the Intel and Micron Technology were among the fund's strongest contributors.”
Intel - June 2026
“Performance commentary The fund outperformed its benchmark over the quarter, which was mainly the result of positive stock selection. Holdings in the healthcare and information technology sectors proved particularly beneficial. Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in the Intel, SK Hynix, Micron Technology and TSMC were among the fund's strongest contributors.”
Intel - New positionAve Maria FundsJune 2026
“The Fund also initiated positions in Intel Corporation, Nvidia Corporation, and Taiwan Semiconductor Manufacturing Company Ltd. during the quarter to increase the Fund’s exposure to the A.I. buildout.”
Intel - June 2026
“Memory remains a key bottleneck in the AI infrastructure supply chain and Micron, Seagate are ongoing beneficiaries of the unprecedented AI capex by hyperscalers, reporting strong multi-year order books at historically high prices. Semiconductors also contributed strongly with Intel featuring in the largest risers.”
Intel - June 2026
“Our positions in leading semiconductor companies provided a tailwind to performance, led by Micron (MU), Advanced Micro Devices (AMD), Applied Materials (AMAT), and Intel (INTC).”
Intel - June 2026
“Top Contributors Advanced Micro Devices (AMD), a leading semiconductor manufacturer, outperformed on strong AI data center demand, which drove record sales across its CPU and GPU portfolios. Applied Materials, which supplies semiconductor manufacturing equipment, continues to see higher demand from foundry customers tied to AI infrastructure build-out, as hyperscalers boosted spending to support accelerating compute needs. Western Digital, a leading data storage products maker, outperformed after the company's strong quarterly results, which reiterated powerful, multiyear support from AI data center storage demands. Intel shares advanced on growing confidence in its foundry execution and AI strategy, supported by early customer traction and strong data center demand, which has brought CPUs back into favor.”
Intel - June 2026
“The fund outperformed its benchmark over the quarter. This was the result of positive stock selection. Holdings within communications services and industrials performed particularly well and enhanced relative returns. Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in the Intel, Samsung and TSMC were among the fund's strongest contributors.”
Intel - June 2026
“A year ago we wrote that Intel was struggling with a combination of falling behind the cutting edge of technology and a high debt load, and the stock was priced accordingly. This quarter Intel was our largest contributor by a wide margin, adding 4.94% to Fund performance. The improvement has been fundamental as well as sentimental. Intel reported second quarter revenue of $16.1 billion, up 25% year over year and its fastest growth in more than fifteen years, with gross margin expanding to 40.4% from 27.5%. Demand for server processors has been stronger than expected, and the company has moved its 18A manufacturing process into high volume production at its new facility in Arizona. Domestic semiconductor manufacturing has become a matter of national policy, and Intel remains strategically important to the buildout of computing capacity now underway. Though we did not explicitly forecast this, owning good businesses at good prices, over time, in a careful and diversified way, can produce steady results and occasionally an outsized one like Intel this quarter.”
Intel - June 2026
“The top contributors to the Portfolio’s relative performance were Advanced Micro Devices, Intel, and Nebius Group.”
Intel - HoldsAriel GlobalMarch 2026
“Shares of semiconductor chip manufacturer, Intel Corporation (INTC) rose after revenue beat expectations and management provided clearer visibility on easing 2026 supply constraints during the quarter.”
Intel - New positionRoyal London Global Equity Select FundDecember 2025
“We purchased Intel, which is a Turnaround opportunity.”
Intel - September 2025
“Portfolio stock selection was a positive (+240 bps) in the quarter led by Intel, Seagate Technology, and Tapestry.”
Intel - September 2025
“Portfolio Positioning Performance of the Strategy over the past 18 months has been below our expectations, and we have made concerted efforts this year to address the challenges. First has been our neutralization of the powerful “AI trade,” which has driven violent but narrow outperformance for a select number of momentum stocks since the beginning of 2024. We initiated positions in Taiwan Semiconductor and Amazon.com this quarter, while increasing our position in Alphabet, which both reduced our overall portfolio tracking error back to historical ranges and neutralized our unintentional underweight to “AI” stocks. Secondly, we’ve reduced outsize bets in high-volatility stocks such as Intel and Microchip Technology, which should reduce performance volatility.”
Intel
Also mentioned · 33
These funds discuss Intel as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedCDT Capital VNAVOctober 2026
Named in a table in CDT Capital VNAV’s letter.
Intel - MentionedPender Market InsightsOctober 2026
“On that note, Intel delivered a disappointing outlook, causing the shares to fall over 25%.”
Intel - September 2026
“For roughly two decades, beginning in the late 1980s, Intel Corporation occupied the position Tyre once held.”
Intel - MentionedSKBA Capital ManagementSeptember 2026
“All advanced AI models are dependent on Nvidia chips while AMD and Intel are attempting to make inroads.”
Intel - September 2026
“1. Our underweight position in Information Technology was the primary detractor to performance as it was the best-performing sector this in the first half of the year within the Russell 3000® Value benchmark, up almost 90 percent year to date. In particular, the Technology Hardware, Storage & Peripherals industry was up more than 315 percent through the end of the third quarter and the Semiconductors & Semiconductor Equipment industry was up almost 140 percent. This has been led by strong price appreciation in Sandisk Corporation (SNDK), Western Digital Corporation (WDC), Micron Technology, Inc. (MU), and Intel Corporation (INTC), none of which we owned.”
Intel - MentionedDynamo CougarSeptember 2026
“It is Amazon’s “Day 1” mentality, the attitude of never losing sight of the values and drive of the beginning, avoiding the dangers of stagnation and irrelevance of “Day 2.” Or the institutionalization of “paranoia” at Andy Grove’s Intel, which encouraged permanent hypervigilance in order to avoid any sense of invincibility.”
Intel - September 2026
“PDF Solutions (PDFS) also weighed on results, declining nearly 30%. Its August results were largely in line, as the company continued to grow in line with its 20% annual growth target. PDFS gained traction embedding its software in the majority of manufacturing equipment, including at its largest customer, Intel.”
Intel - MentionedThird Point Offshore Fund, Ltd.September 2026
“We believe that this is a good time to pause and take account of who we expect the winners and losers will be. We are also of the view that such uncertainty will inevitably lead to lower multiples given the fragility of markets, as evidenced last week where companies from Service Now, Intel and Reddit could lose a third of their market capitalization in a single day.”
Intel - MentionedBrasada CM Brasada Private AccountsJune 2026
“Consider that in 1970, Intel introduced the first commercial dynamic random-access memory chips (better known as DRAM), but by 1985, Intel was forced to entirely abandon the market that it had invented.”
Intel - June 2026
“Portfolio Highlights The ClearBridge Appreciation Strategy underperformed the benchmark S&P 500 Index in the second quarter of 2026. On an absolute basis, the Strategy had positive contributions from eight of 11 sectors. The IT sector was the main positive contributor, while energy was the main detractor. In relative terms, stock selection and sector allocation detracted. Stock selection in IT, industrials, communication services, financials and consumer discretionary, overweights to materials and energy and an IT underweight detracted the most. Conversely, stock selection in materials and a consumer discretionary underweight were beneficial. On an individual stock basis, the biggest relative contributors during the quarter were ASML, Palo Alto Networks, ASM International, an underweight to Microsoft and not owning Palantir. The biggest detractors were Netflix, underweights to Micron Technology and Advanced Micro Devices, and not owning Intel and Applied Materials.”
Intel - June 2026
“ASML has benefited from a related but distinct dynamic. For some time, leading edge EUV tools looked like a two-buyer market: only TSMC and Samsung could afford to purchase at the scale required. Improving fundamentals across both logic and memory now mean Micron, SK Hynix, Intel, Tesla and others can all afford to pay up for the tools they need to stay competitive.”
Intel - June 2026
“Top detractors from relative performance: The semiconductor boom greatly benefited chipmakers the portfolio doesn’t hold, including AMD, Intel, and Micron.”
Intel - June 2026
“Many semiconductor stocks, and other parts of the AI complex, such as hardware and storage, recorded returns in excess of 100%. Micron, Intel, and SanDisk—which together comprised a Russell 1000 Value weight of more than 4%—each more than tripled during the quarter.”
Intel - June 2026
“Micron and Intel were two of the three largest detractors, because we did not own them and each returned more than +200% as constituents of our benchmark.”
Intel - June 2026
“On the downside, part of the negative attribution over the quarter came from stocks that we do not own, especially those related to the AI-memory boom. The portfolio’s relative lack of exposure to Intel, Seagate Technology and Kioxia were among the most significant negative contributors, as they all benefited from the surge in AI memory-related stocks.”
Intel - June 2026
“Performance commentary The fund outperformed its index over the quarter, which was the result of positive stock selection. The fund’s holdings in the technology sector made a particularly strong contribution to returns. Holdings in Micron, Samsung and TSMC continued to benefit from the tight market for semiconductor memory and surging manufacturing demand. The holding in Alphabet also proved beneficial. Shares in the owner of Google rose following the release of encouraging results, which also gave investors confidence about its direction of AI integration. On the downside, holdings that had previously benefited from rising tensions in the Middle East underperformed. Late Life Cycle energy companies, Shell and Suncor Energy, gave back some gains from the previous quarter, after agreement appeared to have been struck to end the US conflict with Iran and the ‘war premium’ in commodity prices faded. Despite the strong performances of the portfolio’s technology-related holdings, we retain an underweight position overall relative to the benchmark. Certain technology stocks that we don’t hold, such as Intel and Advanced Micro Devices, performed well and had a negative influence on relative returns.”
Intel - MentionedMD SASS Concentrated ValueJune 2026
“Because many of those suppliers, including Micron, Intel, Western Digital, Dell, and Marvell, were traditionally viewed as cyclical businesses,”
Intel - MentionedOakmark FundJune 2026
Named in a table in Oakmark Fund’s letter.
Intel - MentionedBrown Advisory U.S. Value FundJune 2026
“No two quarters are ever the same in the market, but the second quarter of 2026 was one of the most unique three-month periods we can remember. During the first quarter investor fears around the potential long-term disruption from artificial intelligence (AI) rippled across various sectors of the market and called into question the terminal value of some business models. Fast forward to the second quarter, and many of those fears reversed course with investor excitement around accelerated capex spending tied to artificial intelligence driving some of the biggest sector and individual large cap moves we can ever remember witnessing. Just three months ago we wrote about the strength of the Energy sector, with a 38% total return during the first quarter vs a 2% return for the Russell 1000® Value Index overall. Amazingly those energy numbers seem almost ordinary after the Information Technology sector saw a return >80% during the second quarter vs a 13.8% return for the Index. In what is typically reserved for speculative small cap stocks during bouts of market euphoria, large cap companies such as Micron, Intel and Sandisk all saw returns of >210% in the 90-day period, adding hundreds of billions of dollars of collective market cap.”
Intel - June 2026
“In what is typically reserved for speculative small cap stocks during bouts of market euphoria, large cap companies such as Micron, Intel and Sandisk all saw returns of >210% in the 90-day period, adding hundreds of billions of dollars of collective market cap.”
Intel - MentionedHamlin Capital Management Equity and High Yield Municipal Bond StrategiesJune 2026
“Stocks exposed to the AI-driven surge in demand for memory and CPUs rose significantly, with Micron, Intel, and SanDisk all up over 200% in the quarter and accounting for nearly 5% of Value's quarterly return.”
Intel - MentionedLiontrust Global Technology FundJune 2026
Named in a table in Liontrust Global Technology Fund’s letter.
Intel - MentionedLiontrust GF Global Technology FundJune 2026
Named in a table in Liontrust GF Global Technology Fund’s letter.
Intel - MentionedDiamond Hill Long-Short FundJune 2026
“includes astounding returns for companies such as Micron, Advanced Micro Devices, Intel, Sandisk and many others, where we have little exposure.”
Intel - MentionedSound Shore FundJune 2026
“The concentration of returns within the S&P 500 has received a lot of attention lately, but notably, it wasn’t just the growth-oriented S&P that benefited from AI. A very narrow band of companies drove performance within the Russell Value as well. Information technology (IT) contributed 9.4 percentage points of the Russell Value’s 13.8% second quarter return, with just two names—Micron Technology and Intel—accounting for 4.3 percentage points of that total.”
Intel - MentionedBristolgate U.S. Equity StrategyJune 2026
“On a relative basis, three of the largest detractors that we did not own were Micron Technology (MU), Advanced Micro Devices (AMD) and Intel (INTC).”
Intel - MentionedBrasada CM Private AccountsJune 2026
“Once again, history is a good guide here. Consider that in 1970, Intel introduced the first commercial dynamic random-access memory chips (better known as DRAM), but by 1985, Intel was forced to entirely abandon the market that it had invented.”
Intel - MentionedBaillie Gifford Global AlphaJune 2026
“Other non-holdings in the space were amongst the largest detractors. Intel and AMD, both US chipmakers, saw their share prices leap amid market excitement.”
Intel - MentionedWhite Brook CapitalMarch 2026
“On one hand Nvidia has a dominant technology with leads in hardware that’s locked by advantaged software that ensures that it’s multiple years ahead of the competition; on the other, all of the top cloud compute providers have also contracted with the likes of AMD, Broadcom, Intel, and Marvell Technology to provide alternative chipsets.”
Intel - MentionedPlatinium Asset ManagementDecember 2025
“Intel dominated the early years of the computer revolution.”
Intel - MentionedLoomis Sayles Growth FundSeptember 2025
“Following a year of discussion, Nvidia and Intel announced a partnership to design and offer AI CPU products.”
Intel - MentionedSpringview CMJune 2025
“The late Andy Grove of Intel Corporation introduced the “Objectives and Key Results” (OKR) framework at Intel in the 1970s. Considering that Intel became one of the”
Intel - MentionedCove street CapitalJune 2025
“Topic two: the government under any administration becoming an active investor in private companies is just clown show stupid. It is worse when it looks from the outside like political extortion. Intel lost relevance a decade ago all by its incompetent self and neither a Biden bailout or a Trump equity stake is going to change the vector.”
Intel
Fund coverage · 7 theses
- FPA Queens Road Value FundSeptember 2026
Intel faces rising capital costs to meet server processor demand that far outpaces supply, with AI potentially a more durable demand source.
Read the full thesis - St. James Investment Company Value Investor’sSeptember 2026
Intel once had a powerful moat built on x86, manufacturing leadership, branding, and the Wintel ecosystem.
Read the full thesis - Liontrust Global Technology FundSeptember 2026
Intel was initiated in mid-September on fastest revenue growth in 15 years, 18A process outperformance, and rising CPU demand from agentic AI.
Read the full thesis - Liontrust Global Dividend FundSeptember 2026
Intel is being transformed under CEO Lip-Bu Tan and is well placed for the agentic era where CPU work around accelerators grows.
Read the full thesis - Alpha Wealth Fund The Insiders FundJuly 2026
Intel is positioned as a strategic U.S. semiconductor fabrication asset tied to reshoring and domestic chip manufacturing.
Read the full thesis - Royal London Global Equity Select FundDecember 2025
Intel is a turnaround backed by new management, strategic US government and Nvidia support, and a strengthened balance sheet to drive foundry adoption.
Read the full thesis - TCW Relative Value Large Cap FundMarch 2025
Intel Corp. is poised for a turnaround under new CEO Lip-Bu Tan, with a focus on restructuring and innovative products that aim to enhance cash flow and earnings.
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