Citi downgrades Intel despite $5 Billion Nvidia deal

Citi downgrades Intel [https://invezz.com/wp-content/uploads/2025/09/20250919_1820_Intel-Nvidia-Partnership_simple_compose_01k5h0bg67f74aabwe8b1jpv5w.png] Intel’s landmark partnership with Nvidia sent its shares soaring to their best one-day performance in nearly four decades. But Wall Street’s enthusiasm is far from unanimous. Citi analysts issued a downgrade on the stock just a day after the rally, warning that Intel’s challenges in its foundry ambitions and processor competitiveness remain unresolved. CITI MOVES TO SELL RATING Citi lowered its rating on Intel shares from “neutral” to “sell” in a note to clients on Friday. The bank’s analyst Christopher Danely argued that Intel’s stock is pricing in success in its leading-edge foundry business, an outcome he views as “minimal chance to succeed.” While Citi lifted its price target to $29 from $24, the revised target still represents a 5.1% downside from current levels. “We downgrade Intel … given our belief the stock is pricing in success in its leading-edge foundry business, which we believe has minimal chance to succeed,” Danely wrote. Intel shares had surged more than 22% on Thursday following news that Nvidia would invest $5 billion in the company, marking Intel’s best daily…