3 Chip Stocks to Note Now: Qualcomm’s New Chips, AMD May Be Tied Down, Intel’s Knights Landing CPU

Qualcomm Inc. (NASDAQ:QCOM): During its analyst day, Qualcomm revealed a slate of new chips including the Snapdragon 805, the new mobile flagship baseband and app processor that features four cores running at speeds up to 2.5GHz (the 800 runs at 2.3GHz). A new GPU was also introduced, which is said to offer a 40 percent performance gain over its predecessor. The Snapdragon should find its way into commercial devices by the first half of next year.

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Advanced Micro Devices (NYSE:AMD): Bernstein gave Advanced Micro Devices an Underperform rating and a $2.50 price target in a research note issued on Tuesday in which the firm claimed that the company is going to be tied down by a contract with GlobalFoundries, according to which AMD must buy supplies from Global in the fourth quarter. While the company has bought less than $300 million from GlobalFoundries in each of the last three quarters, Advanced Micro Devices will be on the hook for more than $400 million in the fourth quarter of this year.

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Intel Corp. (NASDAQ:INTC): At the Supercomputing 13 conference, Intel unveiled its Knights Landing high-performance CPU. The model is designed to be a standalone many-core CPU that can run an operating system on its own without help. This is a big step in creating a standalone unit that can deliver high levels of performance in executing heavy loads of tasks. In addition, the Knights Landing features a large amount of near memory, which will help in the execution of certain types of memory-intensive workloads.

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Don’t Miss: Micron Paints a Target on Intel’s Back With New Processor Technology.