Bank of America Downgrades Intel (INTC) to Underperform After $80B Market Cap Surge
Intel Corporation (NASDAQ:INTC) is one of the AI Stocks in Focus on Wall Street. On October 13, Bank of America downgraded the stock to “Underperform” from Neutral. It believes that the stock has run too far, too fast. “We downgrade INTC to Underperform from Neutral while maintaining ests. and 80B rise in Intel’s market cap already fully reflects its improved balance sheet and potential growth from (external) foundry. However, Intel is yet to face several challenges ...