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Intel and AMD get upgrades at KeyBanc thanks to strong server demand for AI

KeyBanc raised Intel and AMD price targets citing sold-out 2026 server CPU inventory and AI GPU revenue expected to reach up to $15 billion, driven by hyperscaler demand.

Summary by CNBC
KeyBanc upgraded both Intel and Advanced Micro Devices to overweight.

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Bias Distribution

  • 67% of the sources lean Left
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CNBC broke the news in United States on Tuesday, January 13, 2026.
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