Is Intel (INTC) One of the Best AI Stocks Skyrocketing?

Intel Corporation (NASDAQ:INTC) is one of the 15 AI Stocks That Are Skyrocketing. On February 12, DA Davidson initiated coverage on Intel Corporation (NASDAQ:INTC), giving the stock a Neutral rating and setting the price target at $45. The firm noted that there are “real developments across the business for investors to get excited about” at the company.

DA Davidson sees Intel Corporation’s (NASDAQ:INTC) current strategy as “one of the hardest resets in semiconductor history.” The research firm noted that the company is trying to rebuild its leading-edge process capability while also working to become a trusted third-party foundry. DA Davidson called Intel Corporation (NASDAQ:INTC) the “ultimate ‘show me’ story,” meaning the company still needs to prove that it will succeed.

Earlier, on January 28, Tigress Financial Partners raised its price target on Intel Corporation (NASDAQ:INTC) from $52 to $66 and kept its Buy rating. The firm pointed to AI data center tailwinds, progress in the 18A manufacturing process, and potential AI PC refresh cycles to support the company’s turnaround strategy.

Tigress Financial Partners sees these factors as part of “an increasingly compelling multi-year upside story.”

Intel Corporation (NASDAQ:INTC) is an American company that manufactures central processing units (CPUs) and semiconductors.

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