Intel: Buy The Equity Raise (Rating Upgrade)

Intel has emerged as one of the market's top performers over the past year, staging a 375% rally, despite a 31% pullback from its high. Monday's $15 billion equity raise will support Artificial Intelligence growth efforts and strengthen the company's balance sheet. Intel's valuation has improved recently as surging analyst estimates have outpaced the rise in share price.

Over the past year, one of the biggest winners in the market has been Intel (INTC). The chip giant has seen its shares surge 375% as investors believe in the Artificial Intelligence ("AI") revolution, with the company