Intel Rises 5% as New Street Upgrade Cites Server CPU Shortage; AMD and NVIDIA Gain 3%

Intel's $155 Price Target Raises a Bigger Question About Its Turnaround Potential

KeyBanc set a $155 price target on Intel after a 25% pullback, as server CPU shortages, an FCC regulatory waiver, and CEO insider buying support its Oct. 29 earnings outlook.

Intel Rises 5% as New Street Upgrade Cites Server CPU Shortage; AMD and NVIDIA Gain 3%

A Wall Street analyst just slapped a Buy rating on Intel days before its earnings report, citing a server CPU shortage that could last for years. Whether the chip giant can actually deliver enough silicon to prove that thesis right is the question hanging over the whole trade.

Intel Shares Rise 3.5% on Oct. 27; New Street Lists Buy Rating and $125 Target

Intel’s Data Center and AI segment generated $6.262 billion in second-quarter revenue, up 59% from a year earlier.

Intel shares jump nearly 5% after New Street upgrades the stock to Buy

Intel shares rose 4.9% to a session high near $93 after New Street Research upgraded the stock to Buy with a $125 target ahead of Q3 earnings.