10 AI News Making Waves on Wall Street

6. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68

Intel Corporation (NASDAQ:INTC) develops and produces hardware tailored for AI, such as processors, accelerators, and solutions for performance enhancement. On January 21, Citi analyst Christopher Danely reduced Intel’s (NASDAQ:INTC) price target from $22 to $21 while maintaining a Neutral rating ahead of Q4 earnings. The firm anticipates lower semiconductor estimates for Q4, impacted by reduced expectations from analog companies and weaker demand in the PC, automotive, and industrial sectors. However, demand from data centers, AI, and communications is expected to remain strong. Citi also expects inventory restocking in the analog space due to a 30% sales decline.