ChipsYahoo Finance1 day ago
Intel, AMD Jump on $170B Server-CPU Call
1 min read
Bank of America double-upgraded Intel to Buy with a $135 target and raised AMD's target, projecting the server CPU market reaches $170 billion by 2030 on agentic AI demand. Intel shares rose 8% to $115, AMD gained 4% to $470. Intel's Q1 2026 revenue hit $13.58 billion, up 7% year over year.
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