From Underperform to Buy. Here Is Why BofA Just Changed Its Mind on INTC.

Intel Corporation (INTC) is a Santa Clara-based global semiconductor and technology giant founded in 1968 and the inventor of the world's first commercial microprocessor. Intel is executing one of the most ambitious corporate turnarounds in technology history, reinventing itself as an AI-era CPU and foundry powerhouse.

AI-driven business lines now account for approximately 60% of Intel's revenue, up 40% year-over-year (YoY), while landmark partnerships with Nvidia (NVDA), Alphabet's (GOOG) (GOOGL) Google, Tesla's (TSLA) Terafab project, and a $5 billion U.S. government commitment are supercharging its manufacturing revival. With Intel 18A yields ahead of expectations and 14A design commitments emerging in H2 2026, Intel's foundry comeback story is rapidly shifting from narrative to execution.