Truist Sees Slow Turnaround Despite Intel's (INTC) AI and Culture Advancements

Intel Corporation (NASDAQ:INTC) ranks among the hot stocks to invest in right now. Truist Securities reaffirmed its $21 price target and Hold rating on Intel Corporation (NASDAQ:INTC) shares on September 9. The firm stated that although Intel Corporation (NASDAQ:INTC) is making strides to turn things around, the “road to recovery remains long & uncertain.”

Truist noted that it was “slightly encouraged” by advancements in the four principal areas of Intel’s development: culture, competitive capabilities, AI strategy, and government/ecosystem engagement.

Despite these encouraging indicators, the firm believes that Intel’s success “is far from certain” and that these advancements “are going to take a while.”

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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Disclosure: None. This article is originally published at Insider Monkey.