JPMorgan upgraded Intel (INTC) to Neutral from Underweight after its steep slide from a June peak, and Intel shares rose 4% to $93.68, while AMD gained 4% to $547.23 and NVIDIA rose 2% to $217.97. Analyst Harlan Sur says Intel's execution has improved since Lip-Bu Tan became CEO and expects agentic AI workloads and a tight leading-edge chip supply to drive positive earnings estimate revisions. He still expects Intel to lose market share for a few more quarters, especially in server processors, leaving the risk and reward more balanced. Intel's third-quarter 2026 results are slated for release after the market closes on October 29, a date the company has not confirmed.
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IntelAMDsemiconductorsJPMorganNvidia
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 709.82 |
| Change that session | -2.50% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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