10 AI Stocks on Wall Street’s Radar

8. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries. On May 14, Citi revealed that Mercury Research has released estimates for Q1 microprocessor shipments and market share. The estimates reveal that Q1 MPU units are down 6.1% quarter-over-quarter, above the usual seasonal drop of 9.4%.

The analyst told investors in a research note how ARM Holdings has gained market share over both AMD and Intel (INTC). ARM gained 281 basis points quarter-over-quarter with 13.6% in MPU unit share, AMD lost 99 basis points, and has 21.1% of the overall MPU unit share. Meanwhile, Intel lost 182 basis points and has a 65.3% share. The firm has maintained a “Neutral” rating on Intel and AMD shares.

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $20 implies a 3.15% upside, however, the Street-high target of $27 implies an upside of 39.25%.