15 Best AI Stocks to Buy and Hold for the Next 5 Years

6.  Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 112

On July 2, HSBC doubled its price target on Intel Corporation (NASDAQ:INTC) to $200 from $100. The firm retained a Buy rating on the stock.

HSBC said the foundry business is now “too good to ignore.” The firm noted server CPU growth remains the tech company’s primary earnings driver in 2026 and 2027, but now includes the foundry unit in its “sum-of-the-parts” valuation. It expects foundry engagements to begin materializing in the second half of 2026.

Earlier, on June 4, Reuters reported that Intel Corporation (NASDAQ:INTC) and Foxconn agreed to jointly develop next-generation AI infrastructure and intelligent computing platforms. It will combine Intel’s chip technology with Foxconn’s manufacturing and system integration capabilities. The companies plan to make AI data center equipment, including Intel Xeon-powered server racks and AI accelerator systems. The firm will also advance high-speed interconnects, cooling technologies, and energy-efficient designs.

Foxconn Chairman and CEO Young Liu said, “Our collaboration with Intel will combine the strengths of both companies across computing platforms, system integration, and global supply chain capabilities.”

Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer goods and technologies. It provides computing, networking, data storage, and communication platforms. The company works in the Client Computing Group, Data Center and AI, Intel Foundry Services, and All Other segments.

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