Benchmark upgraded Intel (INTC) to Buy from Hold with a $43 price target. The firm believes the stake by Nvidia (NVDA) represents a “significant fundamental tipping point” in Intel’s long-term competitive positioning. The news is also a “strong vote of confidence” by the artificial intelligence industry’s leader in Intel’s development, the analyst tells investors in a research note. Benchmark tells investors to use any weakness following yesterday’s 23% rally as an opportunity to build long-term positions in Intel.
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