15 AI News Updates Investors Should Not Miss

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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 November 25, Bernstein analyst Stacy Rasgon maintained a Market Perform rating on the stock with a price target of $25. In an investor note, the analyst underlined that the PC channel had now started to show signs of normalization. Rasgon added that Intel had been incentivizing sales in recent quarters, but did not report as much incentivizing in the third-quarter, suggesting the company is working to get its channel inventory back in line. He added that Intel was still struggling in the AI accelerator market and would ship less than $500 million in Gaudi AI units this year.

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