{"slug": "bofa-upgrades-intel-from-sell-to-buy-after-stock-quintupled", "title": "BofA upgrades Intel from Sell to Buy after stock quintupled", "summary": "Bank of America upgraded Intel from Underperform to Buy on June 11, raising its price target from $96 to $135, after the stock surged more than 200% year-to-date from roughly $20 in May 2025 to nearly $100. Analyst Vivek Arya cited Intel's server CPU revenue projected to exceed $40 billion by 2030 and opportunities in its foundry division as key drivers for the bullish pivot. The upgrade sent Intel shares up 5% to 10% intraday, with the new target implying approximately 35% additional upside from recent levels.", "body_md": "# BofA upgrades Intel from Sell to Buy after stock quintupled\n\nBank of America's analyst finally turns bullish on Intel after a 200% year-to-date surge, setting a $135 price target on a stock the firm told clients to avoid for years.\n\nBank of America analyst Vivek Arya upgraded Intel from Underperform to Buy on June 11, raising his 12-month price target from $96 to $135. The move comes after Intel’s stock quintupled from roughly $20 in May 2025 to nearly $100 by early May 2026.\n\nIntel shares have surged more than 200% year-to-date in 2026, and BofA maintained an Underperform rating through early 2026, citing valuation and execution risks.\n\n## What changed BofA’s mind\n\nArya’s bullish pivot centers on Intel’s server CPU business. BofA now projects server CPU revenue will exceed $40 billion by 2030, a figure that reflects surging demand for AI infrastructure and enterprise computing.\n\nThe upgrade also highlights opportunities in Intel’s foundry division, specifically in advanced packaging and leading-edge wafer production.\n\nShares responded to the upgrade with an intraday pop of 5% to 10%.\n\n## The long road from $20 to $100\n\nIn May 2025, the stock was hovering around $20, battered by execution concerns, market share losses to AMD and Nvidia, and a balance sheet that had absorbed significant losses from its foundry buildout.\n\nAI-related demand for server chips accelerated faster than most analysts anticipated, Intel’s newest processor generations started winning back enterprise customers, and the company’s balance sheet stabilized. From approximately $20 to nearly $100 in twelve months is the kind of move that turns skeptics into believers, which is essentially what happened at BofA.\n\n## What this means for investors\n\nArya’s $135 target implies roughly 35% additional upside from recent levels near $100, which requires Intel to actually deliver on its ambitious roadmap.\n\nIf server CPU revenue genuinely hits $40 billion by 2030, Intel is trading at a reasonable multiple relative to its growth trajectory. The foundry business could become a legitimate profit center if Intel captures even a modest share of the advanced packaging market currently dominated by TSMC.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/bofa-upgrades-intel-from-sell-to-buy-after-stock-quintupled", "canonical_source": "https://cryptobriefing.com/bofa-upgrades-intel-buy-stock-quintupled/", "published_at": "2026-06-11 17:34:12+00:00", "updated_at": "2026-06-11 18:01:25.632012+00:00", "lang": "en", "topics": ["ai-chips", "artificial-intelligence", "ai-infrastructure"], "entities": ["Bank of America", "Intel", "Vivek Arya", "AMD", "Nvidia"], "alternates": {"html": "https://wpnews.pro/news/bofa-upgrades-intel-from-sell-to-buy-after-stock-quintupled", "markdown": "https://wpnews.pro/news/bofa-upgrades-intel-from-sell-to-buy-after-stock-quintupled.md", "text": "https://wpnews.pro/news/bofa-upgrades-intel-from-sell-to-buy-after-stock-quintupled.txt", "jsonld": "https://wpnews.pro/news/bofa-upgrades-intel-from-sell-to-buy-after-stock-quintupled.jsonld"}}