Morgan Stanley: Investors now seem to be full of spending plans for Intel. Hot

ON 24 JULY, MORGAN STANLEY INDICATED THAT INTEL WAS EXPECTED TO INCREASE TOTAL CAPITAL EXPENDITURE THIS YEAR FROM APPROXIMATELY $15 BILLION TO $20 BILLION, AND THAT THE COMPANY WAS EXPECTED TO SPEND SIGNIFICANTLY ABOVE THAT LEVEL NEXT YEAR. MORGAN STANLEY ' S ANALYSTS PROJECTED CAPITAL EXPENDITURE OF APPROXIMATELY $30 BILLION FOR THE 2027 FISCAL YEAR. “WE EXPECT THAT THE ENTHUSIASM OF INVESTORS FOR SUCH EXPENDITURES WILL DEPEND ENTIRELY ON THE ENTHUSIASM FOR THE LONG-TERM PROSPECTS FOR THESE INVESTMENTS”, THEY SAY IN THE STUDY. INTEL WILL BENEFIT FROM THE DYNAMIC DEVELOPMENT OF AI TECHNOLOGY, WHICH RELIES ON THE COMPANY ' S GOOD CPU. “THE NARRATIVES IN THE SERVER FIELD DID SUPPORT SOME GROWTH,” MORGAN STANLEY'S ANALYST SAID. “BUT THE PROSPECTS OF A SERVER'S PROFITABILITY DEPEND, AT LEAST TO A CERTAIN EXTENT, ON MAINTAINING A SHORTAGE, BECAUSE SUFFICIENT SUPPLY OF CPUS COULD LEAD TO SOME MARKET SHARE LOSS AND PRICE DECLINE.” KIM XIAN