Intel Just Got a Rare Double Upgrade From Bank of America. Here's the AI Shift Behind the Call.
Key takeaways
- Daniel Sparks, The Motley Fool Sat, June 13, 2026 at 11:26 PM GMT+7 5 min read INTC BAC Most analyst rating changes move a single notch.
- That s what happened on June 11, when Bank of America s Vivek Arya double-upgraded Intel (NASDAQ: INTC) to buy from underperform, lifting his price target to $135 from $96.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Daniel Sparks, The Motley Fool Sat, June 13, 2026 at 11:26 PM GMT+7 5 min read INTC BAC Most analyst rating changes move a single notch. So when one of the more closely followed semiconductor analysts skips the middle rating and jumps two rungs at once, it s worth a closer look -- not necessarily as a reason to buy, but as a window into how the thinking around artificial intelligence (AI) spending may be changing.
That s what happened on June 11, when Bank of America s Vivek Arya double-upgraded Intel (NASDAQ: INTC) to buy from underperform, lifting his price target to $135 from $96. Banks tend to reserve a move like that for moments when the thesis they had been betting against breaks. And it came after Intel had already more than tripled in 2026 -- less a call on a forgotten stock than a bet that the turnaround has further to run.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »