JPMorgan upgraded Intel's stock rating from Underweight to Neutral after a significant price drop, leading to a 4% rise in Intel shares alongside a similar gain in AMD stock. The upgrade reflects improved execution in Intel's core markets and manufacturing, with optimism about AI workloads and chip supply constraints benefiting Intel's earnings. However, JPMorgan cautions that Intel may still face market share losses in server processors for a few more quarters. Intel's upcoming Q3 earnings report on October 29 will be a key test for confirming this positive outlook.
Intel shares rose 5.30% on Pluang as of Oct 19, 2026 20:51 WIB, trading at USD 94.61. Nvidia also gained 0.67%, priced at USD 215.57. Intel's market cap stands at $474.96B, showing strong investor interest following JPMorgan's upgrade.
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