Key insights
- Intel received a rare double upgrade from Bank of America, boosting its stock on potential AI chip opportunities and its foundry business growth. DraftKings also saw gains as analysts identified it as a key beneficiary of the 2026 FIFA World Cup, anticipating a surge in sports betting activity. These company-specific catalysts suggest positive sentiment within the semiconductor and online betting sectors.
Market Catalysts host Julie Hyman breaks down today's trending tickers, including Intel (INTC), which jumped after receiving a rare double upgrade to buy from Bank of America (BAC). Meanwhile, DraftKings (DKNG) is also moving higher after analysts named it the "clearest winner" in sports betting as the 2026 FIFA World Cup kicks off today, June 11, setting the stage for a potential surge in wagering activity.
Let's talk about a couple of trending tickers, Intel and DraftKings.
Intel getting the rare double upgrade over at Bank of America from uh underperform to buy.
That's by Vivek Arya, the chip analyst over there.
Um and basically, the thesis here is that the company just has more earnings power than they had previously modeled.
In fact, as much um by by 2030 as much earnings power additionally as $6 versus the $3 to $4 that they were modeling before.
So, a couple of things that caused um Vivek Arya and his team to change their mind. One is that AI agents in particular that there's an opportunity for Intel there to provide the kinds of chips that power those agents.
And secondly, this long awaited switch for Intel to be a fab maker of chips for other companies right now.
Intel, the opportunity has mostly been an Intel making chips for itself. Um so Bank of America thinks eventually that this will be a bigger business, it making them for others.
And then DraftKings, this is also to do with an analyst note. Bernstein analyst Ian Moore saying that DraftKings is basically the clearest winner from the World Cup here and from prediction markets and the the um the frenzy that will ensue from all of the betting going on around the World Cup games.
Those shares are trading higher by about 2 and 1/2%.
The analyst there says the tournament is the single largest handle and volume catalyst for online sports betting and prediction markets and that this is the clearest winner within that sector.