Nomura Says AMD (AMD) Will Benefit as x86 Tablet Market Grows
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Rating Summary:
53 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Analyst at Nomura think the market for x86-based tablets will become sizable over time, which would benefit AMD (NYSE: AMD).
"x86-tablets allow full compatibility with legacy applications, making them more attractive to enterprises and professional users," said analyst Romit Shah.
He estimates 5 to 10 million x86 tablet shipments in 2012, growing to 30 to 40 million units in 2013.
"Along those lines, AMD announced a low-power chip Z-60, formerly codenamed Hondo, for x86-based tablets. The chip is using a 40nm process that combines a dual-core Bobcat CPU and 80 Radeon GPU cores," said Shah.
He doesn't expect much revenue this year from Z-60, as AMD will likely miss the first round of tablet design wins for Win 8, but next year’s generation could fair better.
Nomura Securities has a Neutral rating on AMD and a price target of $5.00.
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $3.25 yesterday.
"x86-tablets allow full compatibility with legacy applications, making them more attractive to enterprises and professional users," said analyst Romit Shah.
He estimates 5 to 10 million x86 tablet shipments in 2012, growing to 30 to 40 million units in 2013.
"Along those lines, AMD announced a low-power chip Z-60, formerly codenamed Hondo, for x86-based tablets. The chip is using a 40nm process that combines a dual-core Bobcat CPU and 80 Radeon GPU cores," said Shah.
He doesn't expect much revenue this year from Z-60, as AMD will likely miss the first round of tablet design wins for Win 8, but next year’s generation could fair better.
Nomura Securities has a Neutral rating on AMD and a price target of $5.00.
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $3.25 yesterday.
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