Intel stock jumps again in premarket as KeyBanc flags sold-out 2026 server CPUs
Intel shares rose 3.4% to $48.91 in premarket trading Wednesday after KeyBanc upgraded the stock to Overweight with a $60 target, citing strong server CPU demand and tighter supply. The move follows a 7.3% rally Tuesday. Investors are watching Intel’s Jan. 22 earnings for updates on data-center demand and its 18A manufacturing progress.