RBC Capital initiated coverage on Intel (INTC), assigning a 'Sector Perform' rating and setting a price target of $50, as the market focuses on the company's critical turnaround efforts.

  • The decision was influenced by fresh signals regarding AI server demand and recent foundry wins, which sharpen the stakes of Intel’s strategic initiatives.
  • Following the initiation and bullish sector sentiment, INTC shares moved +0.64% higher in pre-market trading.