Jin Rong Jie·2026-01-16 06:28Group 1: Intel - Citigroup upgraded Intel's rating from "Sell" to "Neutral" with a target price set at $50 [2] - The upgrade is based on Intel's potential benefits from the tight advanced packaging capacity situation at TSMC [2] - Analyst Atif Malik noted that Intel has a unique opportunity to attract foundry customers with government support [2] - Intel is expected to benefit from improved yields in its 18A - P/14A processes, particularly in 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 PC market that may lead to rising memory prices [2] Group 2: Micron Technology - Micron Technology has been removed from the U.S. focus watchlist due to expected slowing pricing momentum for DRAM in Q2 compared to Q1 [3] - Malik explained that Micron's stock price typically aligns with quarterly price trends [3] - Strong demand in the AI sector and limited foundry capacity are expected to maintain supply-demand balance for memory until 2026/27 [3]