Melius Research Upgrades Intel (INTC) to Buy with $50 PT on Long-Term 14A Node Prospects for Nvidia, Apple

Group 1 - Intel Corporation (NASDAQ: INTC) has been upgraded to a Buy rating by Melius Research with a price target of $50, indicating strong confidence in the company's future prospects [1] - The firm believes that both Nvidia and Apple may consider Intel's 14A process node for production by the 2028-2029 timeframe, which could provide significant support for Intel's stock [1][2] - Intel's CEO, Lip-Bu Tan, is noted for his strong industry and political connections, which may enhance the company's standing in the market [2] Group 2 - Intel recently launched its Core Ultra Series 3 processors, marking a significant advancement as the first platform built on the Intel 18A process node, aimed at powering the next generation of AI PCs [3] - The Core Ultra Series 3 will be featured in over 200 vehicle and laptop designs, representing Intel's most widely adopted AI platform to date [3] - Consumer availability for the new processors begins with pre-orders on January 6, and the first laptops are set for global release on January 27, with additional designs rolling out in the first half of the year [4]