Intel (INTC) in Focus: Citi Downgrades Shares Despite Nvidia Partnership

Intel Corporation (NASDAQ:INTC) is one of the AI Stocks in Focus on Wall Street. On September 19, Citi downgraded the stock to “Sell” from Neutral following its agreement with Nvidia on Thursday. The firm raised the price target to $29 from $24 on the stock. While others believe that Nvidia’s partnership with Intel is going to be a turning point for the struggling chipmaker, analyst Christopher Danely thinks otherwise. According to him, Intel is already pricing in foundry success, which he believes is hig ...