Mizuho cuts Intel price target to $92 amid weaker PC demand
Mizuho analyst Vijay Rakesh lowered his Intel (INTC) price target to $92 from $109 and kept a Hold view. He pointed to a possible benefit from rising demand for AI inference processors.
Intel ( INTC ) stock is in focus after Mizuho analyst Vijay Rakesh lowered his price target to $92 from $109 while keeping a Hold view on the shares.Rakesh said Intel could benefit from rising demand for processors used in artificial intelligence inference.
He expects the balance between CPU and GP…