Intel and AMD Rise 4% as JPMorgan Upgrades INTC After Steep Pullback; NVIDIA Edges Higher

Why Intel Stock Popped on Monday

JPMorgan just removed its sell rating on Intel stock.

Intel 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 (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…

AMD Stock Climbs Nearly 4% as Chipmakers Rebound From Worst Week Since March on Lower Yields and Oil Prices

Advanced Micro Devices shares gained nearly 4% as semiconductor stocks recovered from last week's sharp sell-off, supported by lower Treasury yields and easing oil prices.

Why are Intel and AMD stocks rising on Monday?