ინტელის აქციები დაეცა მიუხედავად ძლიერი კვარტალური მაჩვენებლებისა

Intel ↘ 7.89% delivered its strongest quarterly revenue growth in over a decade on Thursday, but investors on Friday punished the stock after the chipmaker raised its capital expenditure forecast to more than $20 billion for 2026 — up from a prior target of $18 billion — stoking fears about ballooning AI infrastructure costs across the technology sector.

A Blowout Quarter Meets Spending Anxiety

Intel reported second-quarter revenue of $16.1 billion, up 25% year-over-year and $1.8 billion above the midpoint of the company's own guidance. Non-GAAP earnings per share came in at $0.42, more than doubling the consensus estimate of $0.21. The results were powered by a record 59% year-over-year surge in server sales as the AI infrastructure buildout drives demand for Intel's data center processors.intc+2

For the third quarter, Intel guided revenue of $15.8 billion to $16.8 billion with non-GAAP EPS of $0.38 — both well ahead of analyst expectations of $15.1 billion in revenue and $0.27 in EPS.cnbc

Shares initially surged in after-hours trading Thursday, climbing above $105. But by Friday's session, the rally had evaporated. Intel stock fell below the $100 level, with Yahoo Finance data showing shares trading near $92 in the afternoon — a decline of roughly 8% from Thursday's close of $100.23.public+2

Capex Fears Echo Across Big Tech

The catalyst for Friday's reversal was CFO David Zinsner's disclosure on the earnings call that Intel now expects capital expenditures "over $20 billion" in 2026, with fiscal 2027 spending projected to be "significantly above" 2026 levels. The revised figure represents a sharp increase from the $18 billion target Intel had outlined earlier in the year.tipranks+2

The spending concerns mirrored a pattern that had already rattled markets. Alphabet ↗ 0.24% and Tesla ↘ 2.08% both saw their shares tumble on Thursday after reporting aggressive AI investment plans. Alphabet raised its 2026 capex forecast to between $195 billion and $205 billion, up from a prior range of $180 billion to $190 billion, while Tesla reported a 142% year-over-year jump in second-quarter capital expenditures. According to Reuters, Alphabet burned $5.9 billion in free cash flow during the quarter even as its cloud unit posted record 82% growth.cnbc+2

The Broader AI Spending Question

The reversal in Intel shares underscores a growing tension in markets: investors are rewarding revenue gains from artificial intelligence but punishing the capital intensity required to sustain them. Intel finished the quarter with approximately $30 billion in cash and short-term investments, providing a cushion for the spending ramp, but the stock's decline suggests Wall Street wants clearer visibility on returns before endorsing the outlay.tradingview

Intel shares had risen more than 170% in 2026 heading into Thursday's close, leaving the stock vulnerable to any shift in sentiment.cnbc