US Stock Market Move | Intel Corporation (INTC.US) and AMD (AMD.US) rose by more than 5%, receiving a rating upgrade from KeyBanc to "overweight".

On Tuesday, shares of Intel Corporation (INTC.US) and AMD (AMD.US) rose more than 5% in early trading. On the news front, KeyBanc Capital Markets upgraded their ratings on Intel Corporation and AMD to "overweight," with price targets of $60 and $270 respectively. The firm stated that both chip manufacturers are expected to sell out of server CPUs by 2026, as demand for server and personal computer processors has exceeded expectations, leading to accelerated depletion of chip inventories.