Intel (INTC) Stock Upgraded at Citi Following TSMC Earnings Report

TLDR Intel (INTC) upgraded from “Sell” to “Neutral” at Citi with $50 price target after TSMC reported strong Q4 earnings. TSMC’s tight advanced packaging capacity creates opportunity for Intel’s foundry business to capture overflow demand. Intel stock jumped 139% over the past year on restructuring progress, government deals, and improving foundry competitiveness. Company posted Q3 [...]

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