Overview
- KeyBanc raised both Intel and AMD to Overweight, setting targets of $60 for Intel and $270 for AMD on stronger AI data-center demand.
- Supply-chain checks indicate the companies have largely sold out of planned 2026 server-CPU capacity and are considering 10% to 15% price increases.
- Intel shares jumped roughly 7% to a 52-week, near two-year high after the report, with AMD up more than 6% on the day.
- Intel’s 18A process is reported to have yields above 60%, which analysts say could make it the No. 2 foundry; supply-chain reports suggest Apple could use Intel for some lower-end chips in future years.
- Nvidia remains the dominant AI-GPU supplier as analysts reiterate bullish views, though market voices flag valuation risks and CEO Jensen Huang tempered talk of a near-term “God AI.”