Intel shares jumped 25% pre-market after analysts cited robust server CPU demand fueled by agentic AI and inference workloads. Wedbush raised its price target to $60 from $30, noting the company’s manufacturing agility positions it to capitalize on surging demand. Benchmark analyst Cody Acree echoed optimism, hiking the target to $105 as Intel’s factory output improves and supply chain bottlenecks ease. The stock’s surge reflects confidence in sustained growth beyond Q1-Q2 inventory monetization.

Telia, a Swedish telecom, maintained its full-year guidance despite Norway’s underperformance. Berenberg analysts highlighted strong Q1 net profit growth and a two-month boost from the Bredband2 broadband acquisition. Shares rose 3% to 49.06 Swedish kronor, with consensus expectations largely unchanged.

Intel’s rally underscores broader market bets on AI infrastructure spending. Analysts emphasized inference workloads as a key growth driver, with Intel’s vertical integration giving it an edge over rivals. However, the stock’s current valuation remains above analysts’ targets, signaling potential near-term volatility.

Telia’s mixed regional performance highlights challenges in balancing international expansion with localized market dynamics. While its Swedish operations thrive, Norway’s lagging results signal risks in scaling pan-European strategies. Investors will monitor how these contrasts affect long-term profitability.