Intel Stock Surges 490% in a Year on Foundry Hopes — But Chip Yields Still Lag TSMC and Fundamentals Are 'Messy'

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Intel shares are up 490% over the past year after CEO Lip-Bu Tan secured a deal making the US government Intel's third-largest shareholder, plus factory partnerships with Apple and Tesla. Adjusted EPS beat estimates at $0.29 (+123% YoY) with 41% gross margins. But the rally may be ahead of reality: chip yields lag TSMC, employees report internal teams are adjusting missed deadlines rather than recovering, and product success remains limited.