KeyBanc upgraded Intel to Overweight today, citing tight server-CPU supply and growing AI demand. The analyst noted that Intel has nearly sold out of server inventory for the year and is considering raising prices 10-15%. They also highlighted that the 18A manufacturing process is seeing yields over 60%, which could make them a strong #2 foundry. Shares were up 3.6% in premarket. AMD also saw some gains on the news.