Intel Stock Surges on Optimistic Turnaround Signs and AI-Driven Growth
Intel's stock has reached a new street-high price target as the company's third-quarter results indicate its long-awaited turnaround is gaining traction. Benchmark's top-ranked analyst Cody Acree highlights Intel's 'solid progress in cost structure and financial picture,' driven by strong AI-powered server and PC demand, Windows 11 refresh cycles, and improved foundry business prospects.
The Client segment emerged as a standout performer with $8.5 billion revenue—up 8% sequentially—fueled by seasonal demand tailwinds and next-generation product ramps. Government subsidies and strategic partnerships with tech giants like Nvidia and SoftBank further bolstered Intel's cash position, signaling renewed institutional confidence in the chipmaker's roadmap.
