Zhi Tong Cai Jing·2026-01-16 06:17Group 1: Intel - Citigroup upgraded Intel's rating from "Sell" to "Neutral" with a target price set at $50, citing benefits from TSMC's advanced packaging capacity constraints [2] - Analyst Atif Malik noted that Intel has a unique opportunity to attract foundry wafer customers with government support [2] - Intel is expected to benefit from improved yields in its 18A-P/14A processes, particularly in the backend, leading to positive effects from AI-specific integrated circuits [2] - Despite positive factors, Intel is still facing challenges, including potential market share loss to AMD and Arm, and a weak personal computer market that may lead to rising memory prices [2] Group 2: Micron Technology - Micron Technology has been removed from the U.S. focus watch list due to expected slowing pricing momentum for DRAM in Q2 compared to Q1 [3] - Micron's stock price typically aligns with quarterly price trends, according to Malik [3] - The supply-demand balance for memory is expected to remain stable until 2026/27, driven by limited foundry capacity and strong demand in the AI sector [3]