$Intel(INTC)$ On one hand, Intel chips go into the consumer market. Like Apple, which had to raise prices for iPads and Macs today due to memory costs, Intel's customers might need to increase their prices, which could dampen demand for Intel CPUs. That's really what drove Intel's surprising sell-off today after Apple's price hike announcement.
However, I believe the more important factor is the insatiable data center demand for chips. This is what drove Micron's beat on revenue, earnings, and guidance. Micron also sells into the consumer market. Notice how they can essentially ignore any downturn in end sales of consumer devices.
Intel, like Micron, has already been shifting manufacturing towards the higher-priced, higher-margin data center segment. I expect a huge beat on revenue, earnings, and guidance when they report, just like Micron.
Like Micron, TSMC is also raising prices. Intel's foundry business is in an extremely enviable position. This is another major driver. It's a great time to be long Intel, in my opinion.
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