Intel stock rose more than 7% after KeyBanc upgraded it to Overweight, citing strong demand for data center chips and progress in manufacturing. Analyst John Vinh noted Intel’s CPUs are nearly sold out for the year due to AI server demand. A potential Apple deal for Intel’s 18A-P process is seen as a major “design win,” with discussions reportedly underway for future iPhone chips. Improved manufacturing yields and Big Tech interest in Intel’s packaging technology also boosted confidence, positioning Intel to challenge Samsung as the #2 foundry. AMD shares also rose on similar AI-driven demand.
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Intel stock rises on analyst upgrade citing data center AI demand, ‘significant progress’ in manufacturing
By mychabi2013
