3 Chip Stocks to Note Now: AMD Rides Twin Upgrades, Qualcomm Exec on the Future of the Battery, and Intel’s Tough Strategy Question

Advanced Micro Devices (NYSE:AMD): Shares of AMD are on a tear of more than 10 percent following two upgrades: Bank of America Merrill Lynch jacking up its rating two notches, from Sell to Buy, and Canaccord raising shares to a Buy with $5 price target, up from $3.

AMD

Qualcomm (NASDAQ:QCOM): John Stefanac, president of Southeast Asia and Pacific for Qualcomm, says the demand for thinner products with longer battery life can only go so far, as it puts “an enormous amount of pressure” on manufacturers to develop such features. A major shift in battery technology will need to take place to achieve thin batteries that last for days, Stefanac says, pointing out that he believes the market already is facing that wall.

QCOM

Intel Corp. (NASDAQ:INTC): With PC sales in steady decline, Intel — which made two-thirds of its $53-billion revenue in 2012 on PC chips — might have to look elsewhere for primary income, and in the microchip field, that means mobile. It poses an awkward question for Intel: If the company continues with its PC-centric model, it risks putting strain on its finances. On the other hand, betting on the mobile market may not be an ideal solution either, given how remarkably competitive the field already is.

INTC

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