Intel's Capex Lift Suggests Customers Are Committing to Chip Buying -- Market Talk

0946 GMT - Intel's planned increase in spending suggests the company is increasingly confident in long-term demand, Jefferies' Blayne Curtis writes. The group raised its forecast for 2026 capital expenditure to $20 billion from $18 billion, and projected a significant uplift in that figure next year. The increased spend is a sign that Intel's efforts to work with external chip designers are gaining traction, Curtis says. Customers are moving from testing Intel's advanced 14A chip-making process toward committing to binding agreements, the analyst writes. Elsewhere, Intel reported higher-than-expected sales for the second quarter. "Overall, a solid report but not thesis-changing," Curtis writes. Intel shares rise 4.5% premarket. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 05:46 ET (09:46 GMT)