Major Bank Ratings | Citi: Lowers Intel Target Price to $48, Maintains "Neutral" Rating

Glonghui, January 26｜Citi released a research report stating that Intel's last quarter performance exceeded expectations, but due to internal supply constraints, its gross margin declined, resulting in first quarter guidance falling short of market expectations and triggering a drop in the stock price. The bank believes that, driven by strong demand for general server CPU upgrades fueled by AI, Intel's sales could have surpassed seasonal performance if its supply had not been restricted.