HSBC Upgrades Intel to Buy, Sets $95 Target

HSBC raised Intel Corp rating from Hold to Buy, setting a street‑high price target of $95, up from $50.
Analyst expects 20% YoY server CPU shipment growth in 2026‑27 and ASP hikes of 20% then 10%, boosting margins.
HSBC forecasts DCAI revenue of $22.8 bn in 2026 and $29.1 bn in 2027, 16%‑33% above consensus, implying ~38% upside.
Intel recently repurchased 49% of its Ireland fab JV and joined the Terafab project with SpaceX, Tesla and xAI.