After Intel (INTC) announced the appointment of Lip-Bu Tan as CEO, effective March 18, Stifel said the firm views Tan’s appointment as “a longer-term positive,” but continues to believe that Intel faces a lengthy period of transition as the company realigns with the evolving AI-centric opportunity set. The firm, which keeps a Hold rating on Intel shares, expects real-time AI infrastructure beneficiaries such as Nvidia (NVDA) to outperform as the AI opportunity continues to unfold, the analyst tells investors.
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