Despite major stock gains this year, Intel is significantly “underowned” in funds, BofA notes — and as ownership expands, the stock could zoom higher.
Intel Corp (NASDAQ:INTC, XETRA:INL) scored a double upgrade to Buy from Underperform by Bank of America, which raised its price objective to $135 from $96 on higher confidence in the chipmaker's ability to capitalize on growing opportunities in central processing units and contract manufacturing. Analysts now project Intel's total calendar year 2030 earnings per share power at more than $6, up from a prior estimate of $3 to $4, driven by expectations that agentic CPU sales could surpass $40 billion and external foundry revenue could exceed $45 billion by 2030.
Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are up 8% to $115 and change in early Thursday trading, while Advanced Micro Devices (NASDAQ:AMD) stock is rising 4% to $470.
Intel Corp (NASDAQ:INTC) is up 4.6% at $111.99 in premarket trading, after Bank of America handed out a double upgrade to the semiconductor giant to "buy" from "underperform" and lifted its price target to $135 from $96.
Intel Corporation has surged nearly 400% in 12 months, driven by a compelling turnaround and foundry validation. INTC now trades at a forward price-to-cash-flow of ~38.6x, reflecting high expectations for future earnings, especially from its foundry business. The preliminary Apple partnership could add $700M–$1B in annual foundry revenue starting 2028, but execution risk remains high.
Intel shares INTC surged 4% in premarket trading after Bank of America upgraded the semiconductor company to Buy from Underperform and raised its price target to $135 from $96. The brokerage cited growing demand for central processing units (CPUs) and Intel's positioning to benefit from the rise of agentic artificial intelligence.
The market is already treating tomorrow's SpaceX IPO as one of the most important public offerings in decades.
The selloff in the tech sector that has heightened investor anxiety over the past week graduated to a new phase on Wednesday: The pullback is over, and it's now officially a correction.
A quiet shift is underway in the global semiconductor landscape. While market-wide macro headwinds punish technology valuations, a foundational realignment of the AI supply chain is taking place.
Headlines this week are obsessed with Intel Corporation (NASDAQ:INTC | INTC Price Prediction), which has ridden the agentic AI narrative and a parade of marquee partners to a 426.95% one-year run that has the chat rooms convinced the turnaround is in the bag.
One of the top semiconductor stocks of 2026, Intel (NASDAQ: INTC), has received multiple new and almost universally moderately bearish 12-month price target updates since June 1.
Intel's DCAI segment grew 22% year-over-year to $5.1 billion in Q1, while operating margins reached 30.5%. AI infrastructure is becoming increasingly CPU-intensive, with GPU-to-CPU ratios compressing from 8:1 toward 1:1 workloads. Xeon 6 secured major AI design wins, including Nvidia DGX Rubin systems and long-term hyperscaler agreements.