Intel stock jumped 6% on Wednesday, driven by broader technology sector strength and upbeat analyst commentary.
Lynx Equity analyst KC Rajkumar highlighted improved client wafer supply, noting prior undersupply caused below‑seasonal Q1 guidance three months earlier.
The analyst cited strong utilization at Intel 7 and 14nm nodes, with demand possibly outpacing supply by up to 50%.
Lynx Equity raised Intel’s price target to $70 from $65, applying a 6x price‑to‑sales multiple versus 5x previously.