<div id="readability-page-1">Major price target hike: Citi’s Atif Malik boosted Intel’s target to $130, a 37% jump from last month’s upgrade, citing a new CPU market growth model. AI-driven CPU demand: Agentic AI workloads and data center needs are projected to push the server CPU market to $132 billion by 2030, with Intel holding a 47% share. Intel’s strategic edge: Dominance in Xeon server CPUs, ASIC wins with Google and Anthropic, and new deals like the Apple chip pact strengthen Intel’s AI positioning.</div>

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<p>Citi's Atif Malik raised Intel's price target to $130, a 37% increase, driven by a new CPU market growth model. The server CPU market is expected to reach $132 billion by 2030, with Intel capturing a 47% share. Intel's strengths include its dominance in Xeon server CPUs and strategic partnerships with Google, Anthropic, and Apple.</p>

- Citi's Atif Malik raised Intel's price target to $130, a 37% increase from last month, based on a new CPU market growth model.  
- Demand for AI-driven CPUs and data center requirements are expected to boost the server CPU market to $132 billion by 2030, with Intel capturing a 47% market share.  
- Intel's competitive advantage is reinforced by its leadership in Xeon server CPUs, partnerships with Google and Anthropic, and a recent agreement with Apple.

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Citi lifts Intel target to $130 on AI CPU boom