Intel stock slips premarket despite KeyBanc upgrade as traders eye Jan. 22 earnings
Intel shares fell 3.3% to $44.06 in premarket trading Tuesday despite a KeyBanc upgrade to Overweight and a $60 target, citing strong server chip demand and improved 18A yields. KeyBanc said Intel is largely sold out of server CPUs for 2026 and may raise prices 10–15%. Investors await Intel’s Jan. 22 earnings for updates on pricing and foundry progress. AMD rose 2.2% after a similar upgrade.