Intel and AMD Rise 4% as JPMorgan Upgrades INTC After Steep Pullback; NVIDIA Edges Higher
JPMorgan cited improved execution under CEO Lip-Bu Tan and AI demand as it said Intel’s risk and reward looks more balanced after a steep pullback.
- JPMorgan analyst Harlan Sur upgraded Intel to "neutral" on Monday, shifting from "underweight" and citing CEO Lip-Bu Tan's improved execution and agentic AI tailwinds.
- Intel stock jumped 4% Monday following a steep slide, down 36% from its June peak and nearly 22% since the start of October.
- Advanced Micro Devices rose 4% while the iShares Semiconductor ETF jumped 3%, outpacing the QQQ's 1% gain and signaling broad sector momentum.
- Sur cautioned that Intel's server CPU market share fell from 77% to 53%, while PC CPU share dropped from 81% to 68%, marking clear risks.
- Intel faces a critical test on October 29 when it reports third-quarter results, which will determine if the company can sustain momentum and improve earnings estimates.
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BizTocIntel and AMD Rise 4% as JPMorgan Upgrades INTC After Steep Pullback; NVIDIA Edges Higher
JPMorgan just dropped its bearish call on Intel after a steep slide, and the chipmaker's stock is surging alongside its rivals. Whether the upgrade signals a genuine turning point or a brief reprieve depends on what Intel's factories and server business do next.
Intel Stock Rises as JPMorgan Ends Nearly Four-Year Underweight Stance
Intel Corporation (NASDAQ: INTC) shares climbed 4.16% to $93.59 in pre-market trading Monday after JPMorgan upgraded the chipmaker from Underweight to Neutral, ending a negative rating maintained since November 2022. JPMorgan analyst Harlan Sur issued the upgrade in a research note Sunday evening, saying Intel's approximately 36% decline from its June peak had reduced the downside implied by the firm's unchanged $85 price target.Visit Website
Intel Stock Reverses 1.7% Drop Ahead of Oct 29 Earnings
Intel stock (NASDAQ: INTC) fell 1.74% in Tuesday's premarket trading before reversing course during the regular session, a day after JPMorgan upgraded the chipmaker and nine days before its third-quarter earnings report. INTC traded at $92.62, up approximately 0.6%, as of 2:16 p.m. Eastern time on October 20. The reversal followed Monday's 2.43% gain, when Intel closed at $92.03 after JPMorgan analyst Harlan Sur upgraded the shares to Neutral fr…
Intel (INTC) Stock Rebounds, but JPMorgan Keeps $85 Target
TLDR Intel stock gained about 4% in premarket trading after JPMorgan upgraded the chipmaker to Neutral. JPMorgan maintained its $85 price target after Intel shares fell 36% from their June peak. AMD and Micron gained around 3% each as investors returned to semiconductor stocks. CoreWeave rebounded following a Goldman Sachs upgrade despite continued concerns over its borrowing costs. Meta and Tesla earnings will give investors new information ab…
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