Intel stock steadies after KeyBanc upgrade sparks AI-server demand debate
Intel shares rose 1.4% to $47.94 Wednesday morning after KeyBanc upgraded the stock to “overweight,” citing strong server CPU demand and tight 2026 supply. The broker said Intel and AMD are nearly sold out for the year and may raise prices 10% to 15%. Investors await Intel’s January 22 earnings for updates on data-center demand and manufacturing progress.