Intel is trading 5.67% up at $94.60 after JPMorgan upgraded it from Underweight to Neutral, citing potential positive earnings revisions from agentic AI demand and tight chip supply.
- Reuters reported Intel among chip stocks gaining after the upgrade.
- The move comes amid a broader semiconductor rebound after a bruising selloff; lower Treasury yields and easing crude prices supported the battered AI trade.
- Shares had fallen 5.79% on October 16.