HSBC upgrades Intel to 'hold' amid server CPU demand outlook
ReutersJan 20, 2026 2:54 PM
HSBC upgrades chipmaker Intel INTC.O to "hold" from "reduce"; raises PT to $50 from $26
Artificial intelligence is moving from generative to agentic, and this shift will be a major catalyst for rising server CPU demand, says brokerage
Intel shares fall nearly 2% to $46.11 in premarket trading
HSBC says it has been cautious on company's foundry business due to execution issues and limited visibility on external customers, but now sees engagement with those customers improving
Seven of 46 brokerages rate the stock "buy" or higher, 34 "hold" and 5 "sell" or lower; median PT is $23 - data compiled by LSEG
Shares rose 84% in 2025
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