10 AI News Investors Should Not Miss

8. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75

Intel Corporation (NASDAQ:INTC) is an American multinational corporation and technology company developing new semiconductor technologies, products, and solutions. The company has been leveraging its established presence in data centers to support the growing demand for AI applications.

On November 1^st, JP Morgan reiterated an “Underweight” rating on Intel Corporation (NASDAQ:INTC) with a $26 price target. The rating comes after the company reported slightly better September quarter sales albeit lower margins and earnings. The “slightly” better sales come from a recovery in traditional data center demand while PC was muted as expected on customer inventory adjustment headwinds, the analyst tells investors in a research note. According to the firm, Intel “continues to navigate through a challenging period as it right-sizes the company while continuing to move forward with its technology/manufacturing product roadmaps”, and believes Intel’s mid-term 2027 targets, laid out in April, “appear to already be unattainable, without any indications that management likely will update its mid-term guidepost anytime soon.”