Intel shares climbed more than 7% this week after an analyst argued the chipmaker is set to benefit from rising CPU demand tied to AI workloads. Global Equities Research's Trip Chowdhry projects Intel's earnings per share could grow more than tenfold by 2031, pointing to Dell's latest server revenue as early evidence.
Intel shares rose more than 7% this past week after an analyst report highlighted the chipmaker's AI-driven growth potential.
Global Equities Research analyst Trip Chowdhry tied the move to a broader shift in AI infrastructure spending. As compute needs shift from GPU-based model training toward agentic AI workloads, he expects demand for central processing units to rise.
Chowdhry believes Intel's annual earnings per share could grow more than tenfold to $20 by 2031. That compares with Wall Street's consensus, which calls for Intel's EPS to reach $1.51 in 2026 and $2.04 in 2027, according to Yahoo! Finance. On that outlook, Chowdhry sees Intel's stock price more than doubling to $200 per share.
Chowdhry cited Dell's recent earnings release as evidence the shift is already underway. Revenue in Dell's traditional server segment soared 122% to $10.5 billion in the second quarter, and Intel's CPUs power many of those servers.
Dell's chief operating officer, Jeff Clarke, said during the company's second-quarter earnings call that Dell is seeing a growing trend of customers needing meaningful CPU compute capacity for AI and agentic workflows. According to Global Equities Research: "This is INTC CPUs", Chowdhry said.
Source: Motley Fool
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