5 Best-Performing Dow Stocks in 2023

2. Intel Corporation (NASDAQ:INTC)

YTD Stock Gain Through November 17: 64.02%

This was a good year for Intel Corporation (NASDAQ:INTC) and its investors as the company finally begins to see life in the PC market. Recently, Intel Corporation (NASDAQ:INTC) was upgraded by Mizuho Securities. Intel Corporation (NASDAQ:INTC) said it sees improvement in PC and data center markets. Mizuho’s Vijay Rakesh upped his rating for Intel to Buy from Neutral and increased his price target for the stock to $50 from $37.

ClearBridge Large Cap Value Strategy made the following comment about Intel Corporation (NASDAQ:INTC) in its Q3 2023 investor letter:

“We also added to our position in Intel Corporation (NASDAQ:INTC) to take advantage of signs that it continues to make progress on its goal of regaining technology leadership. Intel appears to be executing its technology/product roadmap; the company is on track to ramp up PC and server products over the next 12 months on advanced manufacturing nodes that we believe will be more competitive with chief rival Advanced Micro Devices. We also see green shoots in the PC and server markets, with an increasing possibility of a cyclical recovery in both end markets in 2024.”