​In terms of valuation, Intel trades at around 100 times forward earnings, while TSMC trades at almost the sector median of only 24 times forward earnings. ​Analysts’ Take on Intel As It Approaches Q2 2026 Earnings​Despite the valuation concerns, Wall Street is optimistic about Intel’s turnaround story as it approaches Q2 2026 earnings. INTC’s also trades at a 100 times forward valuation, suggesting it might not be a cheap stock to buy ahead of Q2 earnings. With the company still in the early stages of its turnaround, Intel seems to be a high-risk turnaround play rather than an obvious buy. If you are looking for an AI stock that is much cheaper than INTC and that has 10,000% upside potential, check out our report about the cheapest AI stock.