Intel Stock Surges on Upgraded Forecasts, AI Partnerships Garner Attention
Intel shares rallied 4% following a bullish upgrade from Seaport Research, which set a $65 price target—a 31% upside from current levels. The chipmaker's 130% annual gain positions it as a standout performer in the semiconductor sector. Thursday's Q4 earnings call could further catalyze momentum, with analysts highlighting Panther Lake chips and Nvidia collaborations as key growth drivers.
HSBC joined the optimism, lifting its rating from Reduce to Hold and doubling its target to $50. Intel's 18A process technology and enterprise market re-entry strategy are drawing comparisons to AI leaders like NVIDIA and AMD. The CES showcase of Panther Lake—its first high-volume 18A product—signals accelerating innovation in competitive segments.