12 Trending AI Stocks on Latest News and Ratings

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8. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68  

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. On December 3, investment advisory Bank of America maintained an Underperform rating on the stock with a price target of $21. In an investor note, the advisory detailed that after Intel announced the unexpected retirement of CEO Pat Gelsinger, the transition does not come as a complete surprise given that Gelsinger’s IDM 2.0 strategy hasn’t yielded much fruit to date. The advisory said it now sees a greater possibility that Intel considers separating its Products and Foundry arms, which would grant both businesses their much-needed operational and financial independence, but also noted that there remain key hurdles to a full separation and that both businesses are undergoing their own strategic, structural, financial, and competitive issues, with no near term solution in sight.

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