Adds dropped percentage symbol in fourth bullet

** Chipmaker Intel's INTC.O shares rise 5.4% to $112.77

** BofA Global Research says it double-upgrades INTC to "buy" from "underperform" on belief that co is in better position to address industry constraints in advanced chip manufacturing

** INTC is expected to benefit from growing demand for "agentic CPU" which has a much larger market - brokerage

** BofA also raises INTC price target to $135 from $96, representing ~26% upside to stock's last close

** INTC should raise more capital by equity issuance to fund its ambitious foundry expansion and turnaround strategy, says semiconductor research group SemiAnalysis

** "Equity is now the cheapest money Intel can get" - SemiAnalysis

** As of last close, stock had nearly tripled, this year