Intel and Biden-Harris Administration Announce Preliminary Terms for up to $8.5 Billion in Direct Funding Under CHIPS and Science Act

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Go back to Intel and Biden-Harris Administration Announce Preliminary Terms for up to $8.5 Billion in Direct Funding Under CHIPS and Science Act

BofA Securities 'Incrementally positive on potential 2H recovery' for Intel (INTC)

March 21, 2024 6:17 AM EDT

BofA Securities analyst Vivek Arya reiterated a Neutral rating and $50.00 price target on Intel (NASDAQ: INTC).

The analyst comments "We hosted INTC CFO David Zinsner and IR Head John Pitzer for a well-attended investor dinner in Santa Clara on Tuesday. Management highlighted: 1) Enterprise AI... More

CFRA Stays Sidelined on Intel (INTC) Even Though 'we like potential growth prospects'

March 20, 2024 2:17 PM EDT

CFRA analyst Angelo Zino reiterated a Hold rating and $45.00 price target on Intel (NASDAQ: INTC).
The analyst comments "

INTC has been awarded $8.5B in grants from the CHIPs Act, in line with our expectation, which will be used to help support... More