3 Chip Stocks to Note Now: Analyst Questions Intel Benchmark, ARM Holdings Gets an Upgrade, and AMD’s Big Gaming Opportunity
Intel Corp. (NASDAQ:INTC): An analyst has raised some questions about the benchmark set for the Intel and ARM chips that go into smartphones, specifically that “there has been a considerable amount of press around recent AnTuTu benchmark results claiming Intel…processor outperforms Nvidia, Qualcomm, and Samsung.” But Jim McGregor of Tirias Research took data ”compiled [from] a variety of benchmark information from tech reviewers, benchmarking organizations, and other industry resources,” which revealed that Intel’s chips didn’t fare so well.
ARM Holdings (NASDAQ:ARMH): Bank of America Merrill Lynch continues to recommend ARM Holdings ahead of its July 24 second-quarter report, as it believes second-quarter PD royalty revenues could come in in between $117 million and $134 million versus the consensus of $119 million, while data also suggest a third-quarter upside. It rates the shares at Buy.
Advanced Micro Devices (NYSE:AMD): After substantial gains made yesterday thanks to two upgrades, Barron’s has added fuel on the fire by stating that the company’s entrenchment in the gaming business will offer the firm a way to skate over the declining PC industry, despite it being one of the largest PC microchip suppliers in the world.