Intel shares climbed in pre-market trading on January 13, 2026, after Keybanc analyst John Vinh upgraded the stock. Vinh moved the rating from 'Sector Weight' to 'Overweight' and set a new price target of $60. This action reflects a significant shift in outlook for the semiconductor giant.
The bullish sentiment is underpinned by key operational successes. KeyBanc highlighted strong orders from cloud service providers for Intel's latest server processors. These orders are driven specifically by AI workloads.
Intel also achieved a major manufacturing milestone. The company transitioned its advanced 18A process into high-volume production. This technological leap is seen as pivotal for Intel to regain its competitive edge in the semiconductor industry.