CORRECTED-BUZZ-HSBC upgrades Intel to 'hold' amid server CPU demand outlook

Reuters01-20
CORRECTED-BUZZ-<a href="https://laohu8.com/S/HSBC">HSBC</a> upgrades Intel to 'hold' amid server CPU demand outlook

Corrects last bullet to say shares rose 84% last year, not more than doubled in value

** HSBC upgrades chipmaker Intel INTC.O to "hold" from "reduce"; raises PT to $50 from $26

** Artificial intelligence is moving from generative to agentic, and this shift will be a major catalyst for rising server CPU demand, says brokerage

** Intel shares fall nearly 2% to $46.11 in premarket trading

** HSBC says it has been cautious on company's foundry business due to execution issues and limited visibility on external customers, but now sees engagement with those customers improving

** Seven of 46 brokerages rate the stock "buy" or higher, 34 "hold" and 5 "sell" or lower; median PT is $23 - data compiled by LSEG

** Shares rose 84% in 2025

(Reporting by Kanishka Ajmera in Bengaluru)

((mail to: Kanishka.Ajmera@thomsonreuters.com))

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