Intel and AMD get upgrades at KeyBanc thanks to strong server demand for AI
CNBC • • business
Key Points:
- KeyBanc upgraded Intel and Advanced Micro Devices (AMD) to overweight ratings, citing strong demand from hyperscalers and raised price targets to $60 for Intel and $270 for AMD, implying potential stock increases of 36% and 30%, respectively.
- Intel is largely sold out of server CPUs for 2026 due to high data center demand and is considering a 10-15% increase in average selling prices; its foundry yields on the 18A process have improved to over 60%.
- Intel has secured Apple as a customer for its 18A process in low-end MacBook and iPad processors and is in talks to supply 14A technology for iPhone processors, with major hyperscalers like
