$ASX vs $INTC: Packaging Leader Outperforms Chipmaker Amid AI Supply Chain Shifts Both ASX and INTC posted strong gains over the past year, yet they benefit from different segments of the AI supply chain: advanced packaging and testing on one side, and processor design plus chip manufacturing on the other. ASX remains profitable with rapidly expanding margins, while INTC continues to report GAAP losses even as revenue growth accelerates. INTC commands a significantly higher valuation multiple than ASX, pricing in expectations of a complete turnaround rather than current earnings. Both firms are pouring capital into new capacity, which supports long-term potential while creating short-term cash-flow demands. Recent sentiment has fluctuated for each stock, with momentum investors monitoring whether AI demand keeps exceeding supply constraints.