Intel Near Dot‑Com High, $110B Cap Rise

Intel stock rose 0.57% to its highest level since the dot‑com bubble, reflecting a $110 billion market‑cap increase in three months.
Bank of America raised Intel’s price target to $48, applying a 3.7× CY28E EV/S multiple and forecasting $3 bn–$6 bn external packaging revenue.
Analysts caution the $110 billion market‑cap rise may be excessive and question durable benefits from Tesla’s Terafab partnership.
BofA values Intel’s external manufacturing below 10× EV/S and core products at no more than ~16× CY28E P/E versus peers.