10 AI Stocks Making Moves on Wall Street

7. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 82

Intel Corporation (NASDAQ:INTC) is one of the 10 AI Stocks Making Moves on Wall Street. On October 20, KeyBanc analyst John Vinh reiterated a Sector Weight rating on the stock with a $35.00 price target. The rating comes ahead of the company’s upcoming quarterly results scheduled for October 23.

According to the firm, Intel is poised to report better third-quarter results and also provide higher fourth-quarter guidance. This is driven by broad-based server strength and customer upgrades to its Granite Rapids processors.

The firm’s monthly cloud instance tracker has further shown that Granite Rapids is meaningfully ramping public cloud deployments in recent months.  Server demand is likely to continue strengthening into the second half of 2025 despite first-half tariff-related pull-ins.

“For INTC, we anticipate better 3Q results and higher 4Q guidance. We expect INTC to benefit from broad-based server strength and customer upgrades to Granite Rapids, which has shown a meaningful ramp of public cloud deployments in recent months based on our monthly cloud instance tracker. Our view is that server demand continues to strengthen into 2H despite 1H tariff-related pull ins, with traditional server upgrades being driven by the introduction of latest-generation server CPUs, including INTC’s Granite Rapids and AMD’s Turin. For 2025, we estimate total server shipments to be +4% y/y. Regarding foundry, we believe manufacturing yields for Intel 18A have stalled out at 50-55%, likely to delay a volume ramp of Panther Lake until 2Q26.”

Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer products and technologies, delivering data storage, computer, networking, and communications platforms.