INTC is trading at $46.17 (+4.79%) following KeyBanc's upgrade to Overweight, citing strong momentum from AI demand and future server CPU sales.
- KeyBanc set a new price target of $60 for the stock.
- The upgrade rationale centered on sold-out server CPUs through 2026, driven by hyperscaler demand.
- This positive movement aligns with recent AI chip launches and partnerships, fueling investor optimism despite mixed broader markets.