Intel is surging after results. Here’s what top analysts are saying to do from here

Intel delivered a third-quarter revenue beat , but Wall Street is still practicing caution when it comes to the tech stalwart. In its third quarter, the chipmaker posted revenue of $13.65 billion, which was higher than the $13.14 billion analysts polled by LSEG had expected. Intel's adjusted earnings of 23 cents per share was not comparable to analyst estimates. In its fourth quarter, the company expects revenue to come in at $13.3 billion at the midpoint, slightly below forecasts of $13.37 billion. Intel expects adjusted earnings per share to come in at 8 cents, meeting current forecasts. Overall, analysts adopted a negative to neutral stance on the stock. One of the sore sports from the report was Intel's Foundry business, which makes chips for other companies. The division requires a ca