Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Intel Corporation has become one of the most dramatic comeback stories in the semiconductor market, with its stock rising more than fivefold over the past 12 months and more than tripling this year before pulling back for three straight sessions.</li><li>The rally has been fueled by a powerful idea: Intel is no longer just a legacy chipmaker trying to defend its PC and server franchise, but a potential AI infrastructure winner with CPUs, advanced packaging, foundry capacity, and manufacturing scale.</li><li>Its latest earnings call helped reinforce that narrative, with management pointing to strong demand, better supply execution, and server CPU momentum.</li></ul>

Intel Corporation has become one of the most dramatic comeback stories in the semiconductor market, with its stock rising more than fivefold over the past 12 months and more than tripling this year before pulling back for three straight sessions.The rally has been fueled by a powerful idea: Intel is no longer just a legacy chipmaker trying to defend its PC and server franchise, but a potential AI infrastructure winner with CPUs, advanced packaging, foundry capacity, and manufacturing scale.Its latest earnings call helped reinforce that narrative, with management pointing to strong demand, better supply execution, and server CPU momentum.

Intel Stock Went Nuclear—But Is The AI Rally Already Cracking?

<ul><li>Intel Corporation has suddenly become the center of one of the most eye-catching semiconductor stories on Wall Street.</li><li>A reported preliminary manufacturing agreement with Apple has given investors a clean and dramatic turnaround narrative: the former chipmaking giant that lost ground for years may now be important enough for one of the world’s most demanding technology companies to consider as a manufacturing partner.</li><li>That does not mean Intel is about to produce the iPhone’s most advanced A-series chips, nor does it mean its foundry problems are solved.</li></ul>

Intel Corporation has suddenly become the center of one of the most eye-catching semiconductor stories on Wall Street.A reported preliminary manufacturing agreement with Apple has given investors a clean and dramatic turnaround narrative: the former chipmaking giant that lost ground for years may now be important enough for one of the world’s most demanding technology companies to consider as a manufacturing partner.That does not mean Intel is about to produce the iPhone’s most advanced A-series chips, nor does it mean its foundry problems are solved.

Intel’s Comeback Just Got Its Biggest Apple-Sized Catalyst!

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Thematic (Sector/Industry)

<ul>
<li>DeepSeek released V4.1-Flash and hired underwriters for a Shanghai IPO. US agencies and Anthropic separately accused Chinese labs of extracting US model outputs.</li>
<li>OpenAI published a proposed Navier-Stokes proof and opened its Agents API beta. Xiaomi introduced MiMo Desktop for invited users.</li>
<li>Zhipu proposed USD 5bn of financing. Cognition announced a larger USD 2bn round, while Nvidia discussed an Anthropic IPO anchor investment.</li>
</ul>


DeepSeek released V4.1-Flash and hired underwriters for a Shanghai IPO. US agencies and Anthropic separately accused Chinese labs of extracting US model outputs.
OpenAI published a proposed Navier-Stokes proof and opened its Agents API beta. Xiaomi introduced MiMo Desktop for invited users.
Zhipu proposed USD 5bn of financing. Cognition announced a larger USD 2bn round, while Nvidia discussed an Anthropic IPO anchor investment.


This Week in AI (Sep 6-12): DeepSeek V4.1-Flash and IPO; OpenAI's Astra Solves NS Equation

<ul><li>Intel Corporation reported solid financial and operational progress for the first quarter of 2026, demonstrating strong demand across its segments and execution that exceeded guidance on revenue, gross margin, and earnings per share.</li><li>Revenue reached $13.6 billion, driven notably by robust momentum in its Xeon server CPUs and AI-related businesses, which together accounted for 60% of revenue and grew 40% year-over-year.</li><li>The company highlighted its fastest product ramps in five years for Intel 3-based Xeon 6 and Intel 18A-based Core Series 3 products, reflecting improved manufacturing output and supply optimization efforts.</li></ul>

Intel Corporation reported solid financial and operational progress for the first quarter of 2026, demonstrating strong demand across its segments and execution that exceeded guidance on revenue, gross margin, and earnings per share.Revenue reached $13.6 billion, driven notably by robust momentum in its Xeon server CPUs and AI-related businesses, which together accounted for 60% of revenue and grew 40% year-over-year.The company highlighted its fastest product ramps in five years for Intel 3-based Xeon 6 and Intel 18A-based Core Series 3 products, reflecting improved manufacturing output and supply optimization efforts.

Intel Corporation: 40% AI And Xeon Growth Masks A Foundry Still Burning Cash!

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>The massive $13.6bn revenue beat proved the market fundamentally mispriced how agentic AI is turning the CPU into an urgently necessary orchestration bottleneck.</li>
<li>With orchestration dominating workload latency, an incremental $60 billion CPU TAM plays directly into Intel’s massive x86 installed base and NVLink partnerships.</li>
<li>Intel’s 20% server (and/or more) price hikes remain intact; the actual threat to this re-rating is entirely tied to 18A production yields. Lower Q2 marginal guidance not a structural indicator. </li>
</ul>


The massive $13.6bn revenue beat proved the market fundamentally mispriced how agentic AI is turning the CPU into an urgently necessary orchestration bottleneck.
With orchestration dominating workload latency, an incremental $60 billion CPU TAM plays directly into Intel’s massive x86 installed base and NVLink partnerships.
Intel’s 20% server (and/or more) price hikes remain intact; the actual threat to this re-rating is entirely tied to 18A production yields. Lower Q2 marginal guidance not a structural indicator. 


The ChatGPT Moment for a 60-Year-Old Company

United States

Intel Corporation designs, manufactures, and sells computer components and related products.  The Company's major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.

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Intel Corp (INTC US)

Intel Stock Went Nuclear—But Is The AI Rally Already Cracking?

Intel Corporation has become one of the most dramatic comeback stories in the semiconductor market, with its stock rising more than fivefold over...

Baptista Research

Intel’s Comeback Just Got Its Biggest Apple-Sized Catalyst!

Intel Corporation has suddenly become the center of one of the most eye-catching semiconductor stories on Wall Street. A reported preliminary...

Baptista Research

This Week in AI (Sep 6-12): DeepSeek V4.1-Flash and IPO; OpenAI's Astra Solves NS Equation

This week in AI: DeepSeek releases V4.1-Flash and hires Shanghai IPO underwriters. US agencies and Anthropic accuse Chinese labs of model...

Ke Yan, CFA, FRM

Intel Corporation: 40% AI And Xeon Growth Masks A Foundry Still Burning Cash!

Intel Corporation reported solid financial and operational progress for the first quarter of 2026, demonstrating strong demand across its segments...

Baptista Research

The ChatGPT Moment for a 60-Year-Old Company

Intel's revenue beat highlights the importance of AI-driven orchestration in turning the CPU into a bottleneck, with potential for price hikes and...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Intel Stock Went Nuclear—But Is The AI Rally Already Cracking?

Intel Corporation has become one of the most dramatic comeback stories in the semiconductor market, with its stock rising more than fivefold over...

Baptista Research

Intel’s Comeback Just Got Its Biggest Apple-Sized Catalyst!

Intel Corporation has suddenly become the center of one of the most eye-catching semiconductor stories on Wall Street. A reported preliminary...

Baptista Research

This Week in AI (Sep 6-12): DeepSeek V4.1-Flash and IPO; OpenAI's Astra Solves NS Equation

This week in AI: DeepSeek releases V4.1-Flash and hires Shanghai IPO underwriters. US agencies and Anthropic accuse Chinese labs of model...

Ke Yan, CFA, FRM

Intel Corporation: 40% AI And Xeon Growth Masks A Foundry Still Burning Cash!

Intel Corporation reported solid financial and operational progress for the first quarter of 2026, demonstrating strong demand across its segments...

Baptista Research

The ChatGPT Moment for a 60-Year-Old Company

​Intel's revenue beat highlights the importance of AI-driven orchestration in turning the CPU into a bottleneck, with potential for price hikes and...

Mint Finance

Intel's revenue beat highlights the importance of AI-driven orchestration in turning the CPU into a bottleneck, with potential for price hikes and...