November 5th, Guolunhui | UBS Group released research reports stating that Intel's third-quarter revenue as of the end of September was nearly $13.3 billion, slightly exceeding expectations, mainly driven by strong growth in datacenter and ai revenue, as well as better-than-expected contributions from network business and Mobileye (MBLY.US). UBS pointed out that Intel has been developing in the 18A process technology, but it is expected to take several years to achieve stronger competitiveness in cost, performance, and market delivery time, believing that Intel will face challenges in regaining its technological leadership position, and may need to make trade-offs between manufacturing and outsourcing businesses in the future. UBS currently predicts that Intel's earnings per share will reach around $1 in 2025, with the profit performance in 2026 slightly improving. The target price has been raised from $25 to $26, maintaining a "neutral" rating and advising investors to take a wait-and-see approach.