Intel (NASDAQ:INTC | INTC Price Prediction) stock is trading at $121 in Wednesday morning action, up 3% after Bernstein boosted its price target on the chipmaker. The share-price bump caps a remarkable run that has reshaped how Wall Street talks about the once-beleaguered semiconductor giant.

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Intel (INTC) shifts from turnaround to execution as AI/data center drive growth, but Foundry risk and rich valuation persist.

Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are up 12% in early Monday trading, climbing to $111. Investors are reacting to a newly announced strategic collaboration with Japan’s Hitachi alongside a wave of reports suggesting that Alphabet‘s (NASDAQ:GOOGL) Google and NVIDIA (NASDAQ:NVDA) could lean on Intel’s foundry as a backup AI chip supplier.

A short time ago, we had the opportunity to sit down with some of the folks at Intel to discuss PC building, innovations in CPU technology, and their passion project: NUC. Standing for “Next Unit of Computing,” NUC represents an interesting niche in ...