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Analysts have been weighing in ahead of Intel's (INTC) much-awaited earnings on Jan. 22. The company has had to prove itself after an explosive rally since September 2025, sparked by successive wins with Nvidia (NVDA), SoftBank (SFTBY), and the U.S. government. Intel's CEO has been successful in courting several big-name AI companies and President Donald Trump himself, but whether he can hold the momentum is the real question.
INTC stock is up 30% year-to-date (YTD) already. Its Q4 earnings are expected to make or break the ongoing rally. UBS analysts believe the stock is a buy due to improving fundamentals. According to the firm, supply is “tight,” but there's still upside bias as PC and server demand remains strong. It is still a mixed quarter, but they believe Intel is improving quickly enough that it will end up ahead of where it is today.