Intel Stock Jumps After Bank of America Upgrades Shares to Buy

Intel shares rose in premarket trading on Thursday after Bank of America upgraded the chip maker to Buy from Underperform and raised its price target to $135 from $96.

The brokerage said demand for CPUs is improving and pointed to Intel’s position to benefit from the rise of agentic artificial intelligence. Intel stock was up about 4% to nearly 5% in premarket trading after the call.

The move came as semiconductor stocks also traded higher, alongside stronger market futures and renewed optimism around AI infrastructure spending.

AMD shares also moved higher in premarket trading as investors bought into the broader semiconductor group.

Intel stock climbed after Bank of America upgraded the shares to Buy and lifted its price target.

Bank of America raised its target to $135 from $96.

It said demand for CPUs is growing and that Intel may benefit from the rise of agentic artificial intelligence.

Yes. AMD and other semiconductor stocks also traded higher in premarket trading.

Benzinga

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Invezz

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...

Benzinga

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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.

Benzinga

Intel Corp. (NASDAQ:INTC) stock climbed nearly 5% in Thursday's premarket session as investors responded to a stronger market backdrop and growing optimism around the company's long-term growth prospects.

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Intel stock scored a double upgrade on Thursday after an analyst reassessed the chipmaker's outlook.

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Benzinga

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Proactive Investors

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. An...

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Intel's stock is soaring in the wake of a big vote of confidence from Bank of America.

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Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are up 8% in midday trading on Friday, June 12, changing hands near $127.

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Data center CPUs will be the next AI market to boom. Chip stock investors have multiple ways to win.

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Finbold

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A trillion-dollar market cap used to be a club reserved for software empires and one graphics chip company that surprised the world.

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Zacks.com users have recently been watching Intel (INTC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

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The Motley Fool

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Schwab Network

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