3 Chip Stocks to Note Now: Intel’s Bottom Line, Broadcom Shows Upside, Gaming’s Not Dead for AMD

Intel Corp. (NASDAQ:INTC): Credit Suisse has bumped its price target up on Intel to $30 from $28. The firm argues that accelerating Data Center Group (DCG, Xeon server CPUs) growth will boost the chip company’s bottom line, as the unit had a $1.23 billion operating profit on just $2.74 billion in revenue. By comparison, Intel’s PC CPU unit needed $8.1 billion in revenue to generate a $2.66 billion operating profit.

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