BREAKING: Bank of America says it expects the server CPU market to expand from $61 billion in 2026 to $211 billion by 2030.
Despite losing market share to AMD, Intel still controls a massive installed base of enterprise and cloud data center servers via its Xeon family.
BofA reiterated its $145 price target on Intel (INTC) while maintaining a ‘Buy’ rating, implying nearly 17% upside from current levels.
Intel stock has surged more than 233% year-to-date. A surging server CPU market provides a tailwind for Intel's Data Center and AI (DCAI) unit.
Furthermore, if Intel successfully scales its internal manufacturing process (e.g., Intel 18A node), it stands to gain both as a chip designer and as a domestic foundry for other server chipmakers. #INTCx
Despite losing market share to AMD, Intel still controls a massive installed base of enterprise and cloud data center servers via its Xeon family.
BofA reiterated its $145 price target on Intel (INTC) while maintaining a ‘Buy’ rating, implying nearly 17% upside from current levels.
Intel stock has surged more than 233% year-to-date. A surging server CPU market provides a tailwind for Intel's Data Center and AI (DCAI) unit.
Furthermore, if Intel successfully scales its internal manufacturing process (e.g., Intel 18A node), it stands to gain both as a chip designer and as a domestic foundry for other server chipmakers. #INTCx