20 Trending AI Stocks on Latest Analyst Ratings and News

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16. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Hours after media reports that Intel was entertaining a takeover offer from rival QUALCOMM, Wells Fargo released an update on the developments for investors, noting that such a deal had relatively low probability as such a combination would have a tough time passing regulatory scrutiny – especially in China. On the other hand, the advisory highlighted that an equity-like investment from Apollo could be a very possible outcome, which would be a positive sign of confidence. However, the extent of existing shareholder dilution would be a key consideration, Wells added.

Investment advisory Bernstein has a Market Perform rating on Intel Corporation (NASDAQ:INTC) stock and recently lowered the price target to $25 from $35. In an investor note, the advisory noted that the Q2 results of the firm were challenged and Q3 outlook was awful as the company saw the second half of 2024 recovery more muted than prior expectations amid weaker macro and some client inventory channel adjustments.

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