So Intel just had a blowout Q1 and the stock ripped 27%+ in a single session. Great quarter, sure. Six consecutive beats, AI chip demand, Apple partnership rumors, all that noise. I get it.
But can we talk about the valuation for a second?
INTC is currently sitting at a forward P/E of ~119x. For context, the semiconductor industry median forward P/E is around 34x. Intel ranks worse than 85% of its 537 semiconductor peers on this metric.
It now holds the highest forward P/E of any large-cap chip stock.
Let that sink in. Not the highest growth. Not the best margins. Not the most AI revenue. The highest forward multiple. On Intel. The company that spent the better part of five years losing market share to AMD, fumbling its foundry ambitions, and posting a negative trailing EPS.
The trailing P/E is literally 904x. The stock has gone from a 52-week low of $18.97 to a high of $113.50.
Nvidia trades at a fraction of this on a forward basis and is actually printing money. AMD is building real AI momentum. Meanwhile Intel is being priced like a hypergrowth darling off the back of one good quarter and vibes.
I’m not saying the turnaround isn’t real. Maybe Lip-Bu Tan actually pulls this off. But 119x forward earnings for a company that isn’t even reliably profitable yet is an extraordinary leap of faith. The market is pricing in a perfect execution scenario with zero margin for error.
Anyone else think this thing is way ahead of itself, or am I missing something?
Intel trading at a ~119x forward P/E and nobody is talking about this
byu/Fickle_Rest5915 instocks
Posted by Fickle_Rest5915
17 Comments
Sold.
Basically, Reddit decided Intel was going bankruptcy which set Intel’s destiny on a path to greatness.
Quite simple, really.
I dont think any if this makes sense but the market hasn’t made sense for a while now.
It’s a big circle jerk of ai, memory, and GPU’s but at some point the demand is going to taper off.
Whatever, the fact that I made $3000 off INTC in one day doesn’t lie
Puhhh 3.7bn loss in Q1 is great? 😅
Companies trade at different P/E based on what investors think the P/E growth will be. Amazon used to trade at infinite P/E and it worked out great for early Amazon investors.
this is like the new palantir here
Cyclical stock. By the time the backwards looking valuation metrics look good people will be saying “why is Intel dropping whens its P/E is only 10”
It is way ahead of itself, but good luck timing any corrections.
Believe it or not, calls.
Insert comments re: “circle jerk, AI, P/E ratio, doesn’t make sense”.. just look at the fucking chart infront of you… clear as hell breakout what more do you need? Your feelings validated?
It’s more around the semiconductor space is about to get very very tight. The only company who can produce chips en mass with TMSC being full and at risk (non growing population + geopolitical risk) is Intel. But intel will not scale until customers place their order.
TMSC is full and the chip shortage rally is starting
Nobody is talking about this? Just an hour ago…
https://www.reddit.com/r/stocks/s/8Vey33tOmz
[https://imgur.com/a/A2ZnhOZ](https://imgur.com/a/A2ZnhOZ) Monkey see price go up, monkey happy.
I don’t see how this 500B market cap could be justified even with upcoming factories that might come to the market:
Intel has delayed the construction timeline for its major new manufacturing sites, with the flagship Ohio One project now expected to become operational between **2030 and 2032**. While initially slated for operation in 2025 or 2026, shifting market demand and financial constraints have pushed back the schedule. [[1](https://www.nbcphiladelphia.com/news/business/money-report/intel-delays-ohio-chip-plant-opening-to-next-decade-was-supposed-to-start-production-by-2026/4121969/), [2](https://www.cnbc.com/2025/02/28/intel-delays-ohio-plant-opening-to-2030-production-was-to-start-2026.html), [3](https://www.nbc4i.com/intel-in-ohio/intel-spent-1-4-billion-in-ohio-in-2025-doesnt-anticipate-further-delays/), [4](https://www.dispatch.com/story/news/2025/03/04/intel-spent-billions-on-delayed-new-albany-chip-factory-project-new-report-says/81344252007/)]
Here is a breakdown of the expected timelines for Intel’s new factories:
Ohio One Campus (New Albany, Ohio)
* **Factory 1 (Mod 1):** Construction completion anticipated in **2030**, with operations beginning as early as 2030 or 2031.
* **Factory 2 (Mod 2):** Construction completion anticipated in **2031**, with operations beginning in **2032**.
* **Status:** While construction slowed down in 2024–2025 due to cost-saving measures, work is continuing. [[1](https://newsroom.intel.com/corporate/ohio-one-construction-timeline-update), [2](https://www.reuters.com/technology/intel-delays-28-billion-ohio-chip-factory-2030-local-media-reports-2025-02-28/), [3](https://www.nbcphiladelphia.com/news/business/money-report/intel-delays-ohio-chip-plant-opening-to-next-decade-was-supposed-to-start-production-by-2026/4121969/), [4](https://www.nbc4i.com/intel-in-ohio/intel-spent-1-4-billion-in-ohio-in-2025-doesnt-anticipate-further-delays/), [5](https://www.dispatch.com/story/news/2025/03/04/intel-spent-billions-on-delayed-new-albany-chip-factory-project-new-report-says/81344252007/)]
Other Global Locations
* **Arizona (Ocotillo Campus):** Construction of Fab 52 and Fab 62 has been progressing, with significant infrastructure progress reported through 2024–2025.
* **New Mexico:** Tool installation for Fabs 9 and 11x is continuing, with the site being ramped up for foundry services.
* **Europe (Germany/Poland):** Reports in 2025 indicated that plans for new European fabs were being re-evaluated or paused due to financial restructuring. [[1](https://newsroom.intel.com/de/intel-foundry/updates-intels-10-largest-construction-projects), [2](https://www.datacenterdynamics.com/en/news/intel-shutters-european-fab-construction-mulls-14a-cancellation-and-announces-more-job-cuts-amid-losses/)]
**Intel CPU is faster than NVIDIA and Apple Silicon**
Fair price of Intel is $500-$600.
Their chips are faster than NVIDIA’s ARM and Apple Silicon. The new architecture is unrivaled. The undisputed CPU acceleration for the age of AI.
Momentum is a crazy thing. Not only that, but if investors think it’s time to get in now before things really heat up, it can absolutely stabilize up here. Palantir has been sitting at these multiples for over a year (220+ fwd p/e, now somewhere slightly north of 100)