Mizuho Raises Price Target on Intel (INTC) to $135 from $128

Intel Corp. (NASDAQ:INTC) is one of the 10 Best AI Chip Stocks to Buy for the Long Term. Intel shares have surged 486.61% in the past year and an equally impressive 235.91% year-to-date. On June 21, Mizuho analyst Vijay Rakesh increased the price target on the stock to $135 from $128 while maintaining a Neutral rating, according to a report by TheFly.

The analyst said Intel may see tailwinds in its EMIB-T and Foveros packaging technologies, adding that the company may witness a 10%-15% advanced packaging market share over the long term.

On June 18, Intel announced the appointment of Seok-Hee Lee as executive vice president of Intel Foundry. In a bid to strengthen the company’s ability to deliver differentiated, system-level innovation for customers, Lee is tasked to lead all advanced packaging, system integration, back-end technology development, and back-end manufacturing.

Intel said it is establishing advanced packaging as a focused business with dedicated leadership, in line with its continued evolution of the Intel Foundry strategy. It emphasized that the focus reflects the growing importance and complexity of packaging as a key enabler of performance, power efficiency, and heterogeneous integration across AI systems.

Intel Corp. (NASDAQ:INTC) designs and manufactures advanced semiconductors that connect and power the modern world. It creates new technologies that enhance and shape the future of computing.

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While we acknowledge the risk and potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INTC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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