Intel and AMD stocks jump after KeyBanc upgrade flags “sold out” AI server chips
New York, January 13, 2026, 10:26 (EST) Intel and Advanced Micro Devices shares climbed in early U.S. trading on Tuesday after KeyBanc Capital Markets upgraded both chipmakers, arguing demand from big cloud data-center buyers is running ahead of supply. The move matters because investors have been hunting for more winners from the AI buildout beyond the usual suspects. A call that server chips are effectively booked out for 2026 feeds that narrative — and suggests pricing power is back in parts of the market. It also lands at a time when supply constraints are shifting from a nuisance to a