Wall Street analyst identifies Intel’s final catalyst to reclaim $100
Photo: Finbold
Intel (NASDAQ: INTC ) could have another catalyst to reclaim the $100 level as rising demand for artificial intelligence ( AI ) infrastructure supports its server processor business, according to RBC Capital. The investment bank reiterated its ‘Sector Perform’ rating on the semiconductor giant, maintaining a $100 price target. As of press time, Intel shares were trading at $86.96, leaving the price target approximately 15% above that level. RBC expects Intel to deliver another earnings beat and raise its outlook, supported by robust demand for agentic AI, which refers to AI systems capable of carrying out tasks with limited human…
Source: Finbold
