Intel Stock Upgraded Amid AI-Driven Server Demand Revival
Intel shares climbed 1.86% to $47.87 as HSBC and Seaport Research issued bullish upgrades ahead of Q4 earnings. HSBC's double-target hike to $50 reflects expectations of 15-20% server shipment growth, fueled by AI workload demand. Seaport's $65 target signals confidence in Intel's ability to stabilize Core businesses while capitalizing on the AI infrastructure wave.
The upgrades mark a potential inflection point for the chipmaker after years of market share erosion. Traditional server markets are rebounding as enterprises require both AI accelerators and conventional CPUs to handle hybrid workloads. Intel's foundry ambitions could gain traction if this demand sustains.