Advanced Micro Devices Inc., the No. 2 maker of personal-computer processors, forecast second- quarter sales that may surpass some analysts’ estimates as it generates more revenue from outside the slumping PC market.
Daniel Berenbaum, an analyst at MKM Partners LLC, said Qualcomm Inc. is his “single best buy” as the largest seller of mobile-phone semiconductors benefits from price increases and surging demand for Web-enabled handsets.
Intel Corp. is girding for a third straight quarter of falling sales, highlighting the chipmaker’s struggle to adapt in a world swiftly embracing mobile devices and leaving behind the personal-computer industry it dominates.
EZchip Semiconductor Ltd., the Israeli chipmaker that jumped to a record in New York yesterday to trade double the valuation of the average Nasdaq company, still has room to rally, according to MKM Partners LLC.
Qualcomm Inc., the biggest maker of mobile-phone chips, rose the most in more than 15 months after forecasting higher fiscal 2012 sales than analysts had predicted, adding to evidence of robust demand for smartphones.