Arya noted "higher confidence in INTC's opportunity to help address industry constraints in leading edge wafers/packaging" and capture a "much larger" agentic central processing unit (CPU) market. He expects Intel's server CPU sales to gain roughly 25% of the total addressable market by 2030.

What Happened? Shares of computer processor maker Intel (NASDAQ:INTC) jumped 5.1% in the morning session after Bank of America issued a rare double upgrade that gave sell-side backing to the foundry story investors had been bidding up.