10 Trending AI Stocks on Wall Street

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 81

Intel Corporation (NASDAQ:INTC) is one of the 10 Trending AI Stocks on Wall Street. On January 13, KeyBanc analyst John Vinh upgraded the stock from Sector Weight to Overweight with a price target of $60.00. Firm analysts see improving foundry yield gains and robust hyperscaler-driven data center demand.

Despite several headwinds in the server CPU market, KeyBanc believes that Intel is still in the lead. Its checks are a reflection of the same, indicating how INTC is almost sold out for the year in server CPU as hyperscalers accelerate data center building activity.

The company, as noted by firm analysts, is also considering a 10-15% increase in average selling price. The firm also pointed to progress made on foundry, with 18A yields improving to over 60% which is good enough to enable the ramp of Panther Lake.

Intel’s yields compare favorably with SF2 at Samsung Foundry, analysts noted, though they trail TSMC’s 2nm process. KeyBanc further revealed that its checks indicate that Intel has onboarded Apple as an 18A-P customer. The company will use that advanced node to make chips for its low-end Macs and iPads.

“While not best in class, as TSMC was at 70–80% when it launched 2nm, INTC’s aspirations of being the #2 foundry supplier, 60% yield is significantly better than SF2 at Samsung Foundry, which we believe is less than 40%. Our checks indicate IFS has landed Apple as a customer on 18A for low-end M-series processors for MacBooks and iPads, which is expected to go into production in 2027. Additionally, we believe INTC is in discussions with AAPL to use 14A to support low-end mobile A-series processors for iPhones in 2029.”

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