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Intel Stock Jumps 4% After JPMorgan Upgrade
Why is Intel stock up today?
Intel (INTC) stock rose about 4% in premarket trading on Monday from Friday's $89.85 close after JPMorgan upgraded it to Neutral, citing better execution under CEO Lip-Bu Tan.
Key numbers
| Premarket move | +4%Monday, after upgrade |
|---|---|
| Friday close | $89.85-5.79% on Friday |
| JPMorgan price target | $855.4% below Friday close |
| Drop from June peak | -36%chip group down 20-25% |
| Server CPU share | 53%from 77% in Nov 2022 |
| Q2 revenue | $16.13B+25.2% YoY |
What happened
Intel (INTC) stock rose about 4% in premarket trading on Monday from Friday's $89.85 close after JPMorgan upgraded it to Neutral, citing better execution under CEO Lip-Bu Tan. Analyst Harlan Sur said the stock had fallen about 36% from its June peak, bringing it close to his $85 price target, so risk and reward looked more balanced. He expects analysts to raise profit estimates through 2027 as AI software agents need more processor chips. Intel still lost ground in server chips, where its share fell from 77% to 53% since late 2022.
Why it matters
Intel is one of the biggest US chip makers, so a large bank changing its view can move the stock and shape how other investors see it. The upgrade comes after chip stocks fell eight days in a row, the longest streak since 2008. It is not a call for big gains: Neutral is a middle rating, and JPMorgan's $85 target is below Friday's close. Intel reports earnings on October 29.
Who this affects
- MarketmixedLow impact
- Chip investors get a rare positive note after an eight-day slide.
- CompanybullishMedium impact
- Intel holders see a lift; $85 target sits below Friday's close.
- CompetitorsneutralLow impact
- AMD and Nvidia face no direct change from this call.
- IndustrymixedLow impact
- Chip makers still face worries over AI spending and rates.
Intel vs AMD, Nvidia
How we got here
Intel announces it will report third-quarter results on October 29.
Intel falls 5.79% as chip stocks log an eighth straight losing day.
JPMorgan upgrades Intel to Neutral from Underweight; shares rise about 4% premarket.
What to watch
- Intel reports third-quarter results after market close; analysts' profit estimates in focus.2026-10-29
- Whether chip stocks end their record eight-day losing streak.2026-10-19
- Whether Intel's server chip share losses slow, a risk JPMorgan flagged.2026-10-29
Educational content only. Not investment advice.
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