Bank of America buys into agentic AI trade, double upgrades this stock

Rising demand for central processing units as companies increasingly focus on agentic artificial intelligence is a boon for Intel , and is convincing Bank of America to turn from bearish to bullish on the stock. The bank double upgraded its rating on the stock to buy from underperform. It also raised its price target to $135, which represents a 26% gain from Wednesday's close. …