Intel's Q3 earnings report showed revenue growth of 3% year-over-year, with net income increasing significantly. ARM's performance was also strong, with revenue up 34% year-over-year driven by AI adoption. Both companies are making strategic moves in the AI and semiconductor space, with Intel investing in domestic manufacturing and ARM forming partnerships to bolster its market position. While Intel has shown better stock performance over the past five years, ARM's strong growth in the AI sector and its partnerships suggest significant long-term potential. Analysts maintain a 'Hold' rating on Intel with a target price of $52, while ARM maintains a 'Moderate Buy' rating with a higher target price of $215.