Intel is Too Optimistic and 2 Chip Stocks To Note Now
Intel (NASDAQ:INTC): JPMorgan analyst, Chris Danely, views Intel as too optimistic on the forecast for this year. Danely mainly noted that Intel’s average estimates and growth prospects are too high, and he adds that supply and demand imbalances could potentially cause inventory correction in fiscal 2013. Furthermore, almost every company in Asia PC supply chain forecast lower than average first quarter shipments. Also, J.P. Morgan’s Asia hardware team predicted that notebook shipments were likely to drop 12 percent quarter-over-quarter, instead of the typical decline of 10 percent quarter-over-quarter.