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 a positive shift in analyst sentiment for the semiconductor giant just days before its quarterly earnings release.
The move adds to a wave of bullish commentary surrounding the company, which has seen its shares climb sharply in recent sessions following a double upgrade from the same bank and strong endorsements from market commentators.
The revised target reflects growing confidence in Intel’s turnaround efforts and its positioning in the competitive chip market.