Why Intel Stock Just Popped

Intel stock jumped 4.2% after Wells Fargo analyst Aaron Rakers raised AMD's price target to $615, citing potential growth in CPU-based AI inference. While the analyst didn't mention Intel directly, investors see similar upside potential for Intel as the AI market shifts from GPUs to CPUs. However, Intel's valuation at 900x earnings appears stretched compared to competitors, raising questions about whether the gains are already priced in.