Roth Capital Partners Analyst Krishna Shankar says Applied Micro Circuits Corporation (AMCC) is a good play on processors and network accelerators. He says AMCC is introducing a new 64-bit ARM-based server and system-level SoC chips targeting the $10 billion-plus data center server processor and SoC market.
“We believe that ARM-based server and SoC companies, over time, will likely capture market share from the Intel quasimonopoly within data center server processors,” Shankar says. “Intel currently has over 95% of the server processor market. AMCC is the early production ramp of its 64-bit ARM server SoC and claims multiple design wins with server, networking and Web scale service providers.”
FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.
Shankar says AMCC’s stock has pulled back as a result of a decline in the legacy PowerPC business and softness and an inventory correction for their 10Gig Ethernet/OTN connectivity chips.
Xilinx, Inc. (XLNX) Expands End Market for FPGAs, Enters $10 Billion TAM with Embedded Processors
May 24, 2013
Amphenol Corporation (APH) a Strong Play on Proliferation of Electronics Trend
July 21, 2014
Astronics Corporation (ATRO) a Strong Play in Commercial Aircraft Electrical Power Trend
November 26, 2014
Chevron Corporation (NYSE:CVX) Has Attractive Risk/Reward as a Contrarian Play
November 17, 2015
Infrastructure, Timber and Agriculture: Hedge Against Inflation and Play Emerging Market Growth
March 11, 2011
