Tesla FSD gets approval in its fifth European market

Bank of America double-upgraded Intel to "buy" from "underperform," raising its price target to $135 per share, citing the company's opportunity to address industry constraints in leading-edge wafers and packaging. The bank now projects Intel's server CPU revenue could top $40 billion by 2030, driven by surging demand for agentic AI and x86 chips. Intel shares rose 5.2% in trading, extending the stock's 2026 gains to over 200%.

Intel soars on double rating upgrade from BofA on CPU growth Intel https://robinhood.com/us/en/stocks/INTC/?source=sherwood shares are surging following a double rating upgrade from Bank of America, which flipped its stance on the company from bearish to bullish. Bank of America raised its rating on Intel to “buy” from “underperform,” boosting its 12-month price target to $135 a share from $96. Shares of Intel rose 5.2% in recent trading, bringing the stock’s gains thus far in 2026 to more than 200%. Analyst Vivek Arya noted “higher confidence in INTC’s opportunity to help address industry constraints in leading edge wafers/packaging” and its ability to capture a “much larger” agentic CPU market. Bank of America heavily increased its estimate for the global server CPU total addressable market TAM , predicting it will skyrocket to more than $170 billion by 2030. Analysts highlighted the rise of agentic AI as a critical tailwind that will require a massive volume of traditional x86 server chips. Beyond standard chip architecture design, the report also shows confidence in Intel’s customized manufacturing services. BofA analysts now project that its server CPU revenue could top $40 billion by the end of the decade. Momentum was built around Intel Foundry services as surging global AI demand continuously outpaces capacity. Just last week, Google https://robinhood.com/us/en/stocks/GOOGL/?source=sherwood reportedly https://sherwood.news/tech/intel-shares-soar-on-report-of-google-chip-deal-possible-future-nvidia-business/ placed an order with Intel to manufacture more than 3 million of its increasingly popular https://sherwood.news/tech/google-shares-jump-on-new-tpu-8-chips-enterprise-agent-platform-and-partnership-with-nvidia/ tensor processing unit chips in 2028. According to the report, Nvidia is also testing to see if Intel could manufacture its next-gen Feynman chips.