NEW YORK (TheStreet) -- Intel (INTC) was gaining 2.2% to $25.58 Thursday after the chipmaker announced some features coming to its next-generation Broadwell line of CPUs as well as some new chips in the current Haswell line at the Game Developers Conference.
With the next-generation, or fifth-generation, Broadwell line Intel will cater to enthusiasts and gamers with desktop processors that are overclocking-ready. The line will also include parts that use Intel's Iris Pro graphics.
At GDC Intel also announced a new eight-core processor in the Haswell line, the new Core-i7 Extreme Edition CPU, codenamed "Devil's Canyon." The new chip has two more cores than the last previous to-of-the-line CPU, and support for 16 threads at once. The processor also supports DDR4 memory, which has higher transfer speeds and lower power consumption than DDR3 RAM. The new processor will come to market sometime in mid-2014.
The chipmaker also announced Ready Mode, a new standby-mode solution that lets PCs transfer files and stream media over home networks while drawing less than 5W of power.
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TheStreet Ratings team rates INTEL CORP 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 several positive factors, 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, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."