3 Chip Stocks to Note Now: AMD Gets Upgraded, Intel Gets Sued, Qualcomm’s Artificial Intelligence

Advanced Micro Devices (NYSE:AMD): Wedbush has upgraded AMD to Outperform from Neutral, and expects the company to benefit from the rise of gaming consoles. The firm believes that AMD is well-positioned for the long-term to gain share in servers with its dual architecture strategy, and raised its price target for the stock to $5 from $4.50.

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Intel Corp. (NASDAQ:INTC): Intel is finding itself at the business end of a lawsuit filed by Zettaset, which alleges that, “Among other things, Intel unlawfully extracted trade secrets from Zettaset’s product and technology to such a level that the Intel Manager for Apache Hadoop Software now mirrors the features and functionality of Zettaset’s Orchestrator software.” Financial specifics pertaining to what Zettaset was seeking were not revealed.

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Qualcomm (NASDAQ:QCOM): Qualcomm has announced that it has created a chip capable of learning from its surroundings, much in the way that a human being would. Ultimately, Qualcomm is hoping to install the Zeroth technology into cell phones as a co-processor. By using human feedback that is either negative or positive, devices equipped with the Zeroth chip can learn to distinguish good behaviors from bad, as a robot demonstration reveals.

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