Tariff Stocks: 20 Stocks to Benefit From Onshoring Boom

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3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 91

Intel Corporation (NASDAQ:INTC) ranks among the stocks to benefit from an onshoring boom. With a Neutral rating, BofA Securities increased its price target for Intel Corporation (NASDAQ:INTC) from $23 to $25 on July 23 prior to the company’s second-quarter reports.

Despite the possible near-term strength, BofA expects the second half of 2025 to be more difficult as the benefits of tariffs and the product mix reverse. With gross margins currently at 33.12%, the firm pointed out that forecasts for PC units remain higher than seasonal levels, with estimates of 200 basis points in Q3 and 500 basis points in Q4.

BofA Securities noted that the company’s product roadmap may be impacted since it isn’t expected that Intel’s new Panther Lake products will volume ramp until 2026. According to BofA, the timing of the Panther Lake (PC) and Clearwater Forest (server) product ramps will have a major impact on Intel’s profit margin recovery.

Intel Corporation (NASDAQ:INTC), based in Santa Clara, California, is a major American multinational technology company well-known for its expertise in semiconductor chip manufacture, notably the x86 family of instruction sets, which are extensively used in personal computers.

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