On January 13, KeyBanc analyst John Vinh upgraded Intel Corporation (INTC) from Sector Weight to Overweight with a price target of $60.00 due to improving foundry yield gains and strong hyperscaler-driven data center demand. Despite headwinds, Intel leads in the server CPU market with almost sold-out inventory for the year. The company is considering a 10-15% increase in average selling price and has made progress on foundry yields, enabling the ramp of Panther Lake. Intel’s yields compare favorably with Samsung Foundry but trail TSMC’s 2nm process. Analysts revealed Intel has onboarded Apple as an 18A-P customer for low-end Macs and iPads.

Read more at Yahoo Finance: KeyBanc Turns Bullish on Intel (INTC), Citing Server CPU Tightness and Foundry Yield Gains