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Barchart
Barchart
Anushka Dutta

Wall Street Can’t Seem to Get Enough of Intel Stock

Intel Corporation David OConnor HSBC John Vinh

Popular chip giant Intel Corporation (INTC) is rising after favorable analyst sentiments. Notably, the stock has risen more than 200% over the past year, as the demand from data centers and server CPUs propelled it higher. Moreover, Intel’s foundry progress, plus geopolitical shifts favoring U.S. manufacturing, has rebuilt investor confidence. The company is also facing significant tailwinds from agentic AI. 

The stock rose marginally intraday on April 21 after BNP Paribas analyst David O’Connor raised the rating on Intel to “Neutral” and gave a $60 price target. While the analyst was concerned about the company lagging behind other chip juggernauts like Advanced Micro Devices (AMD) and Arm Holdings plc (ARM), he has now noted strong demand from hyperscalers for server CPUs for agentic AI.

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