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Intel: JMP Ups to “Outperform” as AMD Crumbles

July 22, 2009
by Tiernan Ray
Blogger, Barron's, Tech Trader Daily

Tiernan Ray

Intel (INTC) shares this afternoon are getting a lift from an upgrade by JMP Securities analyst Alex Gauna from “Market Perform” to “Market Outperform,” with a $24 price target.

Following on a much-stronger-than-expected Q2 report last week, Intel, Gauna says, should continue to gain from better-than-expected results of its customers’ sales of notebook computers and server computers. Servers are benefitting form a shift to “cloud computing,” where more data processing is done via networks on a central computer, while notebooks may get a lift from Microsoft’s (MSFT) Windows 7, when it comes out on October 22.

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