AMD (AMD) and Intel (INTC) upgraded to Overweight from Sector Weight at Keybanc

• On Intel: "...expect outsized data center demand from hyperscalers this year to be a significant tailwind for Data Center and AI". and "Our checks indicate Intel Foundry Services has landed Apple as a customer on 18A for low-end M-series processors for MacBooks and iPads...", furthermore "... believe INTC is in discussions with Apple to use 14A to support low-end mobile A-series processors for iPhones in 2029"

Keybanc's upgrade of AMD and Intel to Overweight suggests a bullish outlook for both companies amidst anticipated strong demand in the data center and AI sectors. The inclusion of significant client wins, particularly Intel's potential partnership with Apple, highlights a promising growth trajectory that could drive stock performance in a competitive semiconductor landscape.