Intel Corporation is trading 10.2% up at $117.92 following a significant analyst upgrade and renewed enthusiasm for its artificial intelligence strategy.
- Bank of America raised its rating from Underperform to Buy and hiked its price target to $135 from $96.
- Analysts cited improving confidence in the company's AI roadmap and positive momentum surrounding the Computex event.
- The bullish call, combined with recent AI product announcements and partnerships, is driving strong buying interest in early trading.