Intel shares rose nearly 4% in premarket trading on Monday after JPMorgan upgraded the stock from Underweight to Neutral and Intel said Tesla agreed to use its forthcoming 14A process. JPMorgan analyst Harlan Sur cited a more balanced risk-reward outlook as the shares, down about 36% from their June peak, approached the firm's $85 price target. He still expects Intel to keep losing market share in server and PC processors, and says its external foundry business remains relatively small. The Tesla deal is the first high-profile external customer for Intel's most advanced planned node, though its financial value was not disclosed. Intel also said production on its current 18A process is running ahead of internal targets.
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IntelsemiconductorsJPMorganTesla
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▲ Likely positiveTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/16/2026 | 354.67 |
| Change that session | -2.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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