Intel’s Turnaround Story Is Likely to Get Better and Support INTC Stock Upside

When the U.S. government acquired a stake in Intel (INTC), the technology company was struggling as compared to advances in the sector. The last few quarters have been about catching up to make Intel relevant in the world of AI. Backed by the leadership of Lip-Bu Tan, INTC stock has returned 416% in the last 52 weeks.

While the stock looks like it might be taking a breather, INTC is down about 14% in the past week; the uptrend seems to be far from over. Recently, HSBC reiterated its “Buy” rating for INTC stock and raised the price target to $200. HSBC analyst Frank Lee believes that there is “more value stemming from the semiconductor giant's servers and foundry operations.”