NEW YORK (TheStreet) -- Intel (INTC), AMD (AMD) and Nvidia (NVDA) gained on Monday following reports that Taiwanese factory TSMC (TSM) is seeing pull-in orders from chipmakers for the second half of January.
Shares of Intel gained 0.9% to $25.84, AMD share rose 1.7% to $3.85, and NVIDIA jumped 1.3% to $15.96.
The report comes from Digitimes and is a potential sign that the PC market will see more demand in early 2014. Increased chip orders could lead to more PC sales.
The Digitimes report comes after a recent IDC report that said PC shipments will likely drop by 3.8% in 2014. PC shipments dropped 10.1% in 2013.INTC data by YCharts
TheStreet Ratings team rates Intel as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."
Highlights from the analysis by TheStreet Ratings Team goes as follows: