Intel shares climbed sharply in late trading Wednesday, driven by a double upgrade from Bank of America and a forceful buying recommendation from CNBC’s Jim Cramer.
Bank of America has raised its price target for Intel Corp, marking the first analyst upgrade for the chipmaker this week.
The move comes as market attention turns to Intel's upcoming second-quarter earnings report, where investors will scrutinize the company's turnaround efforts under new leadership.
Intel shares have been volatile in recent sessions, with traders weighing the company's execution against broader semiconductor sector strength.