Woofun AI reports that JPMorgan Chase has increased its price target for Intel (INTC.O) from $45 to $85. This adjustment follows Intel's release of robust revenue guidance, with third-quarter projections set between $15.8 billion and $16.8 billion, surpassing the consensus estimate of $15.1 billion.

The upgraded outlook reflects accelerating demand from data center clients seeking chips for AI computing applications. Sales in this specific sector expanded by 59% in the previous quarter, significantly outpacing the company's overall revenue growth rate.