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Intel is benefiting from rising AI technology prices and anticipates significant demand for oversized data centers from hyperscalers in 2023. KeyBanc analysts set a price target of $60 for Intel shares, which closed at $54.

The Trump administration supports Intel's success, becoming its largest corporate owner after several billion-dollar investments. Nvidia has also recently invested heavily in Intel, agreeing to collaborate on integrating Intel processors with Nvidia's AI chips.