"As a result, AMD is up about $7.67 in premarket. INTC is up about $1.80 a share. The firm raised its price target on INTC. "Analyst John Vinh pointed out that Intel is largely sold out of server CPUs in 2026 amid outsized data center demand. Given this strength in demand, the company is considering raising its average selling price by 10% to 15%," according to CNBC."
"Shares of Nvidia ( NASDAQ: NVDA) are also on the move after Wolfe reiterated an outperform rating on the stock. The firm noted, "Nvidia is up 'only' 36% over the past year, underperforming other AI-related names. We think the reason for underperformance is threefold - the late launch of Blackwell, concerns about the sustainability of AI spending in general, as well as concerns about share losses to custom AI solutions," as quoted by CNBC."
KeyBanc upgraded Intel and AMD to overweight, citing hyperscaler demand. AMD moved higher in premarket trading while INTC also rose and had its price target raised. Analyst John Vinh said Intel is largely sold out of server CPUs in 2026 amid outsized data center demand and is considering raising average selling prices by 10% to 15%. KeyBanc raised AMD’s price target to $270 and expects AI graphics processing units to generate about $14 billion to $15 billion in revenue for the year. Wolfe reiterated an outperform rating on Nvidia and noted substantial demand for H200 AI chips. JPMorgan reiterated an overweight rating on Apple citing a Google Gemini partnership for AI features.
Read at 24/7 Wall St.
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