JPMorgan upgrades Intel to Neutral from Underweight; shares rise 3.8% premarket
What happened
JPMorgan upgraded Intel (INTC) to Neutral from Underweight on Monday morning, October 19, 2026. Intel shares rose about 3.8% in premarket trading on the upgrade, and the Wall Street Journal also flagged Intel up more than 3% premarket after slumping 5.8% on Friday. The upgrade comes as AI-linked and semiconductor stocks attempt to rebound from last week's sharp selloff.
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Start your free 14-day trialWho’s affected
- Intel (INTC) — upgraded to Neutral from Underweight by JPMorgan; shares up ~3.8% premarket
- Nvidia (NVDA) and Micron (MU) — fellow chip names also higher premarket, per WSJ stocks-to-watch
- Semiconductor sector broadly (SOX) — upgrade adds to Monday's attempted AI/semiconductor rebound after an eight-session losing streak