VENDOR · US
Citi raises Intel price target on agentic CPU boom; nearly doubles Micron DRAM target
Citi analyst revised upward price targets for Intel and Micron, citing AI-driven demand for specialized compute and high-bandwidth memory for agentic workloads. Financial institutions' AI spending accelerating.
WHY IT MATTERS
Hardware cost inflation for AI infrastructure is transitory; banks building internal AI ops centers will face rising capex; vendors passing through margin gains to shareholders signals supply-demand imbalance in specialty chip market.
Source: MSN · 2026-05-23