Intel Corporation is trading 9% up at $24.38 following a Bank of America double-upgrade and growing optimism surrounding its AI-related manufacturing strategy.
- Bank of America raised its rating to Buy, citing increased confidence in the company's turnaround and foundry roadmap.
- Sentiment is bolstered by reports of major AI-related manufacturing deals, including a large Google TPU order and Nvidia’s interest in Intel’s advanced foundry processes.