10 Trending AI Stocks on Wall Street

7. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 82

Intel Corporation (NASDAQ:INTC) is one of the 10 Trending AI Stocks on Wall Street. On August 21, Morgan Stanley reiterated the stock as “Equal Weight” stating that it is cautiously optimistic on Intel’s turnaround plan.

“We continue to take CEO Lip Bu Tan at his word — this will be a challenging turnaround with no quick fix, while the stock mostly reacts to quick fix narratives.”

Intel is going to be facing several challenges for a turnaround. However, the desire of a quick solution doesn’t align with the reality of Intel’s challenges.

For instance, while Intel’s microprocessor roadmap demands significant improvement, its foundry strategy has drawn skepticism from analyst Joseph Moore, who highlighted that the company has struggled with this approach over multiple decades.

Moreover, foundry customers have been assessing the limitations of Intel’s products, particularly those built on the Intel 4 node. Since older nodes like Intel 7 and Intel 10 are sold out, which are considered better value, Intel faces challenges in its current offerings.

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $22 implies a 10.55% upside; however, the Street-high target of $28 implies an upside of 13.84%.

Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries.