Intel Corporation is trading 3% up at $120.48, extending this week’s sharp rally following a major double-upgrade from Bank of America.
- Bank of America raised its rating to Buy from Underperform and increased its price target to $135, citing growing confidence in the company's AI and foundry roadmaps.
- The stock continues to gain momentum as investors embrace the AI-driven turnaround story, building on a 10% jump seen on June 11.