"Lipacis frames Intel as a 'CPU renaissance play,' arguing the fastest growing AI workloads need more CPUs and could flip the CPU:GPU ratio from 1:8 to 8:1. He credits CEO Lip-Bu Tan with fixing the balance sheet and positioning Intel 'back on the competitive track.'"
"Citi's thesis leans on improving CPU demand from agentic AI. Even after the surge, Citi still sees 20% upside. Lipacis flagged Intel's 'unique position' as the only U.S.-based leading-edge chip maker."
"Intel's Q1 revenue mix validated the AI angle. Data Center and AI revenue rose 22% year over year to $5.05 billion, while Intel Foundry grew 16% to $5.42 billion."
Intel's stock received bullish upgrades from Citi and Evercore ISI following a strong Q1 FY2026 performance, with non-GAAP EPS of $0.29 and revenue of $13.577 billion. Citi raised its price target to $95, while Evercore ISI set a target of $111. Analysts highlight the potential of agentic AI to drive CPU demand, with Intel's unique position as a leading-edge chip maker. Despite the positive outlook, some analysts remain cautious, citing concerns over margins and foundry losses.
Read at 24/7 Wall St.
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