Intel Corporation (NASDAQ:INTC) is one of the AI Stocks on Market Radar. On September 19, Stifel analyst Ruben Roy reiterated a Hold rating on the stock with a $24.50 price target.
The rating affirmation follows Nvidia and Intel’s landmark deal to codevelop custom data center and personal computing products leveraging Intel’s x86 CPU architecture and NVIDIA’s GPU technology.
The firm views the collaboration favorably, giving Intel a stronger role in AI infrastructure and expanding Nvidia’s reach.
“NVIDIA (Buy, $176.58) and Intel announced a landmark collaboration to codevelop multiple generations of custom data center and personal computing products. The partnership appears to be purely a product collaboration for now and centers on integrating NVIDIA’s accelerated computing and AI stack with Intel’s x86 CPU architecture, leveraging NVIDIA’s NVLink interconnect technology. We view the collaboration positively for both Intel and NVIDIA as it brings together Intel’s longstanding expertise with the x86 compute architecture with NVIDIA’s GPU leadership.” “We believe that the primary value for Intel lies in the ability to directly participate in higher-density rack-scale AI infrastructure, which has been lacking for the company.”
Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer products and technologies, delivering data storage, computer, networking, and communications platforms.
While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Source: sg.finance.yahoo
