Wall Street Zen upgraded Intel's stock from "hold" to "buy" on Saturday.
This followed a week driven by a rare "double upgrade" from Bank of America on June 11. Bank of America moved Intel's stock from "underperform" directly to "buy." The firm also raised Intel's price target.
The earlier upgrade fueled investor confidence in Intel's turnaround strategy. This strategy emphasizes its growing role in AI infrastructure and its expanding foundry business.
Intel's shares rose approximately 6.5% in the following trading session. The stock finished the week as a top gainer.