Intel Rally Faces Headwind As Morgan Stanley Questions Long-Term Turnaround

Morgan Stanley’s Joseph Moore cautions that despite near-term strength from CPU shortages and AI-driven demand, Intel’s long-term earnings power looks doubtful, with AMD likely to capture much of the growth and ongoing margin pressure. He reiterates a cautious stance (Equal-Weight) with a $38 target, while the street’s average target remains higher but still implies a decline over the next year, contributing to a mixed outlook ahead of Intel’s 4Q25 results.