Here’s What Cantor Fitzgerald Thinks About Intel (INTC)

Intel Corporation (NASDAQ:INTC) is one of the best long-term growth stocks to invest in now. Cantor Fitzgerald lifted the price target on Intel Corporation (NASDAQ:INTC) to $150 from $90 on June 29 and maintained a Neutral rating on the shares, telling investors in a research note that the AI infrastructure buildout is viewed as a generational semiconductor cycle that is both durable and extended by supply chain constraints. It added that expectations for faster-than-previously-forecast industry revenue expansion reach roughly $3T by CY29, potentially exceeding $3.5T by CY30.

In another development, Reuters reported on June 16 that Intel Corporation (NASDAQ:INTC) has announced the entry of the new generation of its 18A manufacturing process into ​risk production, as the company sees strong ‌demand for its central processors. It further stated that by moving 18A-P into initial production, Intel Corporation (NASDAQ:INTC) aims to demonstrate that it is following ​through on its manufacturing commitments, which could potentially make ​the technology more appealing to external customers. Reuters added that finance chief David Zinsner said in ​March that the company's CEO, Lip-Bu Tan, has started recognizing 18A as ​a potential offering for external clients, changing the earlier perspective that the process would generate returns only through the company's own products.

Intel Corporation (NASDAQ:INTC) is involved in the design, sale, and manufacture of computer products and technologies. It delivers data storage, computer, networking, and communications platforms. The company's operations are divided into the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other.

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