Intel and Amazon stock targets raised by HSBC and Wells Fargo

HSBC analyst Frank Lee doubled Intel's price target from $100 to $200, citing the growing importance of the company's foundry business and expected new customer contracts from the second half of 2026. The bank kept a "buy" rating despite recent volatility; Intel shares fell 5.25% after market close before modestly rebounding in after‑hours trading.

Wells Fargo lifted Amazon's price target to $313 and maintained an "overweight" rating, highlighting AWS as the primary growth engine. The bank expects a strong second‑quarter performance and anticipates upward earnings revisions for both AWS and the broader Amazon business after the upcoming quarterly results. Potential short‑term earnings miss in Q3 is seen as a calendar effect rather than a structural weakness.