Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. <\/p>\n
Intel Corp reported better-than-expected second-quarter results on Thursday, but warned that supply constraints across the AI ecosystem remain severe, with shortages expected to persist for the foreseeable future. <\/p>\n
AI Infrastructure Bottlenecks Persist <\/p>\n
Intel said the industry continues to face severe AI infrastructure constraints despite earlier expectations that supply would improve this year. <\/p>\n
“Industry is facing one of the most severe supply constraints in its history across leading-edge logic, silicon wafers, memory, and substrates,” CEO Lip-Bu Tan told analysts during the earnings call, adding that “these shortages will persist for the foreseeable future.” <\/p>\n
Don’t Miss: <\/p>\n
The company said artificial intelligence demand continues to exceed available supply across the ecosystem, making supply one of the biggest constraints on meeting customer demand. <\/p>\n
“Memory has become the biggest supply constraint challenge, and we’re collaborating with the three major memory vendors,” Lip-Bu Tan added. <\/p>\n
AI Investment Despite Constraints <\/p>\n
Intel raised its full-year capital expenditure forecast to more than $20 billion, up from its previous outlook of $18 billion. <\/p>\n
“We must have pretty significant confidence in our customers, or we wouldn’t be putting the POs in place today,” Zinsner added. <\/p>\n
Following the results, Deepwater Asset Management’s Gene Munster said investors appeared comfortable with Intel’s higher capital spending because the company has earned the “benefit of the doubt” as a capital allocator, unlike Google parent Alphabet. <\/p>\n
Trending: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time<\/a> <\/p>\n He added that Zinsner’s comment that Intel would not make those investments without confidence in customer demand may have reinforced investor confidence. <\/p>\n $INTC<\/a> investors seem to be OK with a bump up in CapEx. <\/p>\n I think they’re getting the benefit of the doubt when Google did not because investors believe the Intel is a better capital allocator. <\/p>\n Some of their confidence may have come from a comment from the CFO tonight\u2026 <\/p>\n \u2014 Gene Munster (@munster_gene) July 23, 2026<\/a> <\/p>\n Earnings, Q3 Forecasts Top Wall Street Estimates <\/p>\n Intel\u00a0reported second-quarter\u00a0revenue of $16.13 billion, topping analyst estimates of $14.42 billion. <\/p>\n Story Continues <\/p>\n Adjusted earnings came in at 42 cents per share, well above the consensus estimate of 21 cents, according to\u00a0Benzinga Pro. <\/p>\n Intel guided for third-quarter revenue of $15.8 billion to $16.8 billion, topping the consensus estimate of $15.01 billion, while forecasting adjusted earnings of 38 cents per share versus estimates of 24 cents per share. <\/p>\n Photo: StockStudio Aerials \/ Shutterstock <\/p>\n Read Next:\u00a0 <\/p>\n Building Wealth Across More Than Just the Market <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry. <\/p>\n Arrived <\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly. <\/p>\n Realberry <\/p>\n Institutional-quality real estate has traditionally been difficult for individual investors to access. Realberry gives accredited investors direct access to private real estate opportunities <\/a>backed by a team with 35 years of experience, $3.4 billion in assets under management, and $481 million in cumulative distributions paid to investors as of Q4 2025, according to the company. With a portfolio spanning 13 million square feet across seven U.S. states, Realberry focuses on acquiring, developing, and managing real estate with an emphasis on long-term value creation while its principals often invest alongside clients to help align interests. <\/p>\n FarmTogether <\/p>\n Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/a> \u2014 fully managed, with no landlord headaches. <\/p>\n Immersed <\/p>\n Immersed is building technology for the future of work through spatial computing.<\/a> Known for its AR\/VR productivity platform that enables users to work across multiple virtual screens, the company has grown to more than 1.5 million users worldwide. Immersed is also developing Visor, a lightweight headset designed specifically for professional productivity, positioning the company at the intersection of remote work, extended reality (XR), and next-generation computing. <\/p>\n Fundrise <\/p>\n Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate<\/a> and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth. <\/p>\n Mode Mobile <\/p>\n Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day.<\/a> Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte’s fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream.\u00a0 <\/p>\n EquityMultiple\u00a0 <\/p>\n For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000<\/a>,<\/a> with only ~5% of opportunities passing their due diligence process. <\/p>\n \u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. <\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. 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