Intel shares jump nearly 5% after New Street upgrades the stock to Buy
Photo: Crypto Briefing
A $125 price target and a bullish case for AI-driven server demand sent Intel to a session high days before Q3 earnings Intel shares rose 4.9% to a session high, with the stock trading near $93 after a Wall Street upgrade put the chipmaker back in the spotlight. The catalyst was New Street Research analyst Pierre Ferragu, who moved Intel from Neutral to Buy. For a company that spent years as the cautionary tale of American semiconductors, getting a Buy rating still feels a bit like a comeback tour. Ferragu set a price target of $125 on the stock.
Source: Crypto Briefing
