INTC
Intel’s having one of those mornings
Intel shares jumped nearly 5% in premarket trading Thursday after Bank of America Securities slapped a Buy rating on the stock and raised its price target to $135. When Wall Street upgrades a stock that’s already been through the wringer, traders tend to show up like it’s free pizza in the break room.
Why the bulls are suddenly louder
BofA’s call leans on two things investors have been waiting to hear more confidently:
- Stronger CPU demand
- Long-term upside from Intel Foundry
That second bullet is the spicy one. Intel’s foundry ambitions have been the company’s big “trust us, this is the plot twist” story for a while now, and reports that major tech companies are evaluating its advanced manufacturing capabilities are keeping the hype alive.
The stock isn’t acting like a one-day wonder
The move comes as the broader market is also in a better mood, with futures pointed higher across the board. Intel’s technical picture still looks pretty strong, too: it’s sitting well above its 50-day and 200-day moving averages, even if it’s consolidating a bit after a big run.
That doesn’t mean the stock is cheap or easy. It just means momentum traders and long-term believers are both trying to squeeze into the same elevator.
What you should actually care about
Intel’s story is no longer just about whether PCs and servers wake up. It’s also about whether the company can turn its manufacturing comeback into a real business, not just a PowerPoint with better lighting.
Big picture: if BofA’s call is right, Intel’s upside isn’t just about a better quarter — it’s about investors finally treating the foundry story like an actual earnings engine.