Confidence Building in Intel's Turnaround, JPMorgan Says -- Market Talk

0904 ET - Intel's execution and competitiveness across both its core client and data-center compute markets have improved since Lip-Bu Tan's appointment as CEO, JPMorgan analysts say in a research note. At the same time, Intel's execution on next-gen manufacturing has significantly improved, and the company has several initiatives in place that look to capitalize on these capabilities, the analysts say. "Despite near-term concerns on AI infrastructure spending sustainability, we believe increasing agentic AI workloads and a very tight supply chain for leading edge silicon should drive continued positive EPS revisions in the upcoming earnings season and through CY27," they say, adding that the risk/reward is more balanced at current levels. JPMorgan upgrades Intel to neutral from underweight, and maintains its $85 price target. Intel climbs 4.3% premarket to $93.70. (connor.hart@wsj.com)

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October 19, 2026 09:04 ET (13:04 GMT)