Intel shares rose about 4.6% by 10:55 a.m. ET on Monday after JP Morgan analyst Harlan Sur upgraded the stock from 'underweight' to 'neutral', removing his sell rating and setting an $85 target price. The stock remains down 36% from its June peak and nearly 22% since the start of October. Sur cited Intel's falling market share, with server CPU share down from 77% to 53% and PC CPU share from 81% to 68%, and noted that the foundry business had only $1 billion in annualized sales from outside customers versus $150 billion at TSMC. He saw some progress in foundries and in yields and packaging under CEO Lip Bu Tan, and many analysts expect Intel to return to profitability next year.
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IntelsemiconductorsTSMCJPMorgan
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NVDA
• NeutralNvidia
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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