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Evercore ISI analyst Mark Lipacis upgraded Intel stock’s rating to Buy from Hold, lifting his price target to $111 (34.5% upside), up from just $45.
Evercore ISI's Mark Lipacis upgraded Intel's stock rating to Buy with a $111 target.
KEY POINTS
- Lipacis believes AI workloads now require more CPU power, reversing the usual CPU-to-GPU usage ratio.
- Intel's manufacturing roadmap is regaining credibility with the successful launch of Panther Lake on the 18A node.
- Intel's status as the only U.S.-based leading-edge chipmaker is attracting more government and corporate partnerships.
- Intel's foundry business saw a $2.4 billion improvement in operating losses, signaling real progress.
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