Roth Capital raised the firm’s price target on Intel (INTC) to $30 from $22 and keeps a Neutral rating on the shares after announcing a partnership with Nvidia (NVDA), as part of which Nvidia will invest $5B in Intel. The firm believes this partnership increases Intel’s opportunity to participate in future Nvidia-based data center infrastructure platforms. The new deal also improves Intel’s AI footing, the analyst tells investors in a research note.
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