Goldman Sachs gives Intel a neutral rating for the first time, with a target price of $150

Goldman Sachs has given Intel a neutral rating for the first time, with a target price of $150. It is expected that Intel will benefit from the increase in server CPU demand driven by AI, and the estimated GPU/CPU ratio will drop to about 1.1 to 1.4 times. Goldman Sachs believes that Intel's advanced packaging business will make progress in the short term, with expected revenue of approximately $10 billion by 2030 and external wafer operations closing at $11 billion by 2030. Goldman Sachs believes that Intel currently has a risk return balance, while AMD, NVIDIA, and Broadcom provide more attractive opportunities.