Intel shares surged 10% this week after multiple outlets including DigiTimes reported the chipmaker will raise prices on some of its central processing units by 10% in October, a move Intel has not yet confirmed. The reported increase follows price hikes in the first quarter and again in July on certain products, while rival Qualcomm implemented a double-digit price increase in July. Intel closed at over $106 per share on Wednesday, September 9, as investors responded positively, though the stock now trades at a price-to-earnings ratio of 88 and a forward P/E of 57. The company's third-quarter outlook calls for adjusted earnings of $0.38 per share, down from $0.41 in the second quarter, partly on higher-than-expected capital expenditures, with Intel raising its capex outlook to $20 billion for 2026. The article also highlights Sandisk, which is sold out for 2026 with $93.9 billion in contracted revenue over the next four to five years and trades at 23 times earnings and 8 times forward earnings.
Intel CorporationReported 10% October CPU price hike, following Q1 and July hikes, lifts Intel's product pricing power.
Qualcomm Incorporated
Sandisk Corp
NVIDIA Corporation