🔥 BofA Double Upgrade! Intel's Counterattack Aiming for $135! - 2026.06.12

Aha, the market is alive! Hello everyone, this is reporter Onion, the macro bull from Bultagi.com! I haven't watched the market for 30 years for nothing. The bell of opportunity is ringing! Recently, overcoming last week's sharp drop, a wave of bargain hunting centered on the Nasdaq and semiconductors has poured into the US stock market, and our Intel stock is also spitting fire ^[5]! Bank of America (BofA) raised Intel's price target? Did they do it while drinking an Americano? This is no joke! Now, let me summarize all the massive good news that popped up for Intel this week!

🔥 Wall Street's Hot Love Call! Price Target $135!

Oh my, oh my~ Can't you hear the market applauding! As positive outlooks for Intel pour out from Wall Street, the stock price is dancing. The analyst team led by Vivek Arya at Bank of America (BofA) double-upgraded Intel's investment rating from 'Underperform' to 'Buy', jumping two whole steps! ^[1] Moreover, they sharply raised the price target from the previous $96 to $135.

Why so confident? Because the belief has grown that Intel will smoothly resolve the bottlenecks it faced in cutting-edge chip wafers and packaging, and seize leadership in the fast-expanding CPU market. They also raised long-term earnings-per-share (EPS) forecasts, showing confidence in its profit potential. On the 11th, the stock rose 9.27%, and on the 12th, it climbed 6.44% to hit a closing price of 124! With bullish betting pouring into the options market and elevated implied volatility fueling investor optimism, a bullish scenario is definitely clear! What did I say~ The market always reacts first to good news!

🚀 Foundry and 14A Winning Move Digging into TSMC's Gaps!

Right now, TSMC is tightly holding the global foundry market with over 70% market share, but as AI semiconductor demand explodes uncontrollably, TSMC alone cannot handle that massive volume ^[2]. This very gap is opening a new door of opportunity for latecomers like Samsung Electronics and Intel! It's perfect!

Furthermore, Intel threw a winning move with its next-generation foundry process, '14A'. They signed a multi-year partnership with technology partner Cadence to co-optimize the core process technology of Intel Foundry, known as the 'Crown Jewel'. On top of this, news that 'New Albany Co.' purchased a 146-acre site near the Intel facility for $12.9 million is rapidly growing expectations for infrastructure expansion and business environment changes.

📈 The AI Era, Winnvidia's Challenge and Arc's Counterattack!

Of course, the market isn't entirely easy. Microsoft unveiled new AI PCs at 'Build 2026', and there was news that they joined hands with Nvidia instead of the 45-year traditional 'Wintel (Windows + Intel)' alliance ^[3]. Now, they are heralding the 'Winnvidia' era, saying they will run AI models directly on PCs instead of data centers.

But Intel is not a company to just sit still! Intel quietly released the 'Arc Pro B70' graphics card based on the Battlemage architecture. Although the higher-end gaming model B770 was cancelled, this guy came out at a groundbreaking price of $949 with a whopping 32GB of GDDR6 VRAM and 32 Xe cores ^[4]. In today's market where Nvidia is stingy with VRAM, it boasts immense cost-effectiveness for workstation and AI uses like running local LLMs. The clock speed is also solid at 2,800MHz! ^[4]

Onion sees it as clear that Intel has a bullish scenario to welcome a new golden age through its foundry revival and AI infrastructure expansion. Macroeconomic indicators like interest rates or CPI might create short-term volatility ^[5], but ultimately, fundamentals and innovation drive the stock price. Let's keep our eyes wide open and watch what kind of reversal Intel will show us in the future! Let's go~ 🚀