KeyBanc Capital Markets upgraded Intel (INTC) to Overweight, citing tightening server CPU supply and a 30% year-over-year improvement in foundry manufacturing yields. The move underscores growing confidence in Intel’s turnaround strategy and operational recovery.
- KeyBanc upgraded Intel (INTC) to Overweight from Neutral
- Server CPU supply constraints are intensifying, creating a favorable market environment
- Foundry manufacturing yields improved by 30% year-over-year
- Intel’s 18A process node is on track for 2025 ramp-up
- Server CPU demand growth projected at 15% YoY in 2026
- Foundry performance gains support competitive positioning against TSMC and Samsung
KeyBanc Capital Markets has upgraded Intel (INTC) to Overweight, marking a notable shift in sentiment toward the semiconductor giant. The firm cited a confluence of fundamental improvements, particularly in server CPU availability and foundry performance, as key drivers behind the positive reevaluation. With increasing demand from cloud providers and AI infrastructure builders, the shortage of high-performance server CPUs has created a supply-demand imbalance that benefits Intel’s product lineup.