Intel Corporation (NASDAQ:INTC) have fallen more than 25 percent over the last 12 months, likely because the company has fallen behind others in the development of new processors. However, one analyst believes that when the Haswell processors are released, the stock will see a nice recovery.
BGC analyst Richard Anthony released a report to investors this week outlining expectations for the Haswell processors. Of course mobile computing has become increasingly important over the last couple of years while Intel Corporation (NASDAQ:INTC)’s processors have continued to be focused on desktop computers. But when Haswell is out, Anthony predicts that Intel will become a bigger threat to competition in the mobile processor space.
The Haswell processors are expected to be announced in the early part of June and are designed to work on numerous different devices, including everything from desktops and servers to mobile devices. It’s believed that the mobile version of the processor will run on 10 watts or less, which would give Intel a major boost in mobile computing.
A German laptop maker seems to have released some details about Intel’s Haswell processors last month. DevilTech posted details about upcoming laptops which will run on the processors. There are expected to be at least four different varieties of chips made with the Haswell micro-architecture.
In addition to the details provided by DevilTech, there has also been some information about NVidia’s next generation GeForce video cards which makes the details provided by DevilTech seem to make sense.
At the moment of this writing, shares of Intel Corporation (NASDAQ:INTC) had risen more than 3 percent since the markets opened on Tuesday.