10 AI News and Ratings Making Waves on Wall Street

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68

Intel Corporation (NASDAQ:INTC) develops and sells computing products, including processors, storage, networking, AI solutions, and self-driving technologies, serving several global industries.

On February 18, Cantor Fitzgeralds gave their opinion on the latest talks surrounding Intel and TSMC. The firm increased Intel’s price target to $29 from $22, identifying TSMC as the main winner in recent developments. The firm said:

“The situation at Intel is extraordinarily complex, but we believe reports suggesting a split of DesignCo/IFS are credible. While still early in the process, all signs indicate that the new administration is pushing this forward. We expect TSMC to participate under specific conditions that are beneficial to them, making TSMC the clear strategic winner.”

The firm noted that TSMC will not license its IP or acquire IFS, and a U.S.-based joint venture, similar to its ESMC model, is likely, with TSMC holding majority control. TSMC’s expanded U.S. capacity may reduce tariff risks and improve its leadership in advanced foundry services. Intel may split its DesignCo and IFS divisions, with TSMC being the logical operator for IFS. Intel’s refocus on its x86 business could slightly impact AMD, while investments in advanced packaging could benefit COWOS companies.