Intel Corporation (INTC) Talks about New Xeon 6 Processors; Bank of American Reaffirms 'Neutral' Rating

Intel Corporation (NASDAQ:INTC) is one of the 15 Stocks That Will Benefit From AI.

Intel Corporation (NASDAQ:INTC) said on August 20 that its new Xeon 6 processors, which provide industry-leading memory bandwidth and performance for workloads driven by AI and compliance, are powering Amazon’s EC2 R8i and R8i-flex instances. With early adopters like Netflix and CrowdStrike already reporting productivity gains, the milestone demonstrates Intel’s close partnership with AWS.

On August 21, Bank of America reaffirmed its Neutral rating and $25 price target on Intel Corporation (NASDAQ:INTC), warning that Intel Corporation (NASDAQ:INTC)’s stock would stay range-bound until its 18A process yields and external customer validation are clarified. Reports that the U.S. government would convert prior funding into a 10% equity position also raised concerns about possible dilution risks, according to BofA. In the end, analysts emphasized that manufacturing competitiveness is critical to Intel’s prospects.

Providing hardware and software platforms that enable AI, cloud, networking, edge, and digital transformation for businesses and consumers, Intel Corporation (NASDAQ:INTC) is a global designer and manufacturer of semiconductors, processors, and computer systems. It is on our list of the Best AI Stocks.

While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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