Intel's stock surged over 7% following an analyst upgrade to 'overweight' with a price target of $60. KeyBanc analyst John Vinh cited significant progress in Intel's 18A chipmaking process, suggesting it could surpass Samsung as the second-largest foundry supplier behind TSMC. Improved yields and securing Apple as a customer for the 18A process, with production slated for 2027, were key factors in the upgrade.