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Mizuho cuts Intel target to $92 as AI gains remain years away

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  • Mizuho analyst Vijay Rakesh cut Intel's price target to $92 and retained a Neutral rating.
  • $3.5 billion is the projected 2029 revenue for Intel's advanced-packaging business.
  • Intel's Data Center and AI revenue increased 24% quarter-over-quarter in Q2 2026.
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