HSBC Bullish Call Drives 1.5% Advance in Intel Stock
INTC•Intel shares rose 1.54% in early trading after HSBC forecast further upside potential for the chipmaker. HSBC maintained its positive outlook, highlighting strengthened data-center demand as a catalyst for additional revenue growth.
1. HSBC Maintains Bullish Outlook
HSBC reiterated its positive stance on Intel, citing accelerating data-center demand and backlogs as key drivers. The bank signaled that further capacity expansions and improved profit margins could unlock additional share-price gains.
