Wells Fargo Analyzes Intel’s Bay Trail Microprocessors and 2 More Heavily Traded Stocks to Follow
Intel Corp. (NASDAQ:INTC): Current price $22.64
Over the weekend, the analyst David Wong at Wells Fargo commented on Intel for the first time listing the Bay Trail microprocessors on its online price list. Wong has an Outperform on the shares and a “valuation range” of $28 to $33. He considers the addition of the chips to Intel’s published prices significant because it affirms his confidence that the firm will make lower-power versions of the chip available for tablet computers near the shopping season.
Bay Trail employs the “Silvermont” chip architecture that Intel revealed earlier in 2013 and that is expected to afford Intel a larger edge in the tablet market where it has lagged behind competitors like Nvidia and Qualcomm.