Intel (NASDAQ:INTC) closed at $47.29, up 7.33%, with a trading volume of 167 million shares. KeyBanc upgraded Intel with a $60 price target, focusing on AI-driven server CPU demand and 2026 supply. Meanwhile, the S&P 500 slipped 0.19% and the Nasdaq Composite edged down 0.10%.

An analyst upgrade to Overweight with a $60 target for Intel stock fueled momentum, as AI and data center CPUs are reportedly sold out for the year. Investors await Intel’s Q4 and full year 2025 results on January 20 for updates on AI momentum and the company’s foundry business.

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Read more at Nasdaq: Stock Market Today, Jan. 13: Intel Jumps on KeyBanc Upgrade Highlighting Strong AI Server CPU Demand