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Intel Corporation (NASDAQ:INTC) is one of the top stock giants that were suddenly on fire in April. Tigress Financial lifted the price target on Intel Corporation (NASDAQ:INTC) to $118 from $66 on April 30, reiterating a Buy rating on the shares. The firm told investors in a research note that it is positive on the company’s “incredibly strong” Q1 results, 18A execution, and AI data center and PC supercycle, which point towards a key AI-driven inflection point and accelerating momentum.

Intel Corporation (NASDAQ:INTC) announced financial results for fiscal Q1 2026 on April 23, reporting that revenue for the quarter reached $13.6 billion, up 7% year-over-year. First-quarter earnings (loss) per share attributable to the company were $0.73, while non-GAAP EPS attributable to Intel Corporation (NASDAQ:INTC) were $0.29. Management further reported that it is forecasting fiscal Q2 2026 revenue in the range of $13.8 billion to $14.8 billion, and is expecting fiscal Q2 2026 EPS attributable to the company of $0.08 and non-GAAP EPS of $0.20.

Intel Corporation (NASDAQ:INTC) is involved in the design, sale, and manufacture of computer products and technologies. It delivers data storage, computer, networking, and communications platforms. The company’s operations are divided into the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other.

While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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