• INTC is trading at $124.46 (3.4% up) in pre-market, significantly influenced by a major analyst upgrade.
  • HSBC raised its price target on Intel to $200 and reiterated a 'Buy' rating, citing progress in the foundry business and potential partnerships.
  • This positive sentiment is further bolstered by ongoing optimism around AI-related chip demand and a prior price target increase from Bank of America to $160 in late June.