Heterogeneous computing / GPGPU (INTC, AMD, NVDA)

Heterogeneous computing refers to computing systems that use a mix of different types of computational units.  The type of heterogeneous computing that I am most interested in is rise of the general purpose graphics processing unit (GPGPU).  The industry trend has been to use the GPU graphics chip for purposes other than graphics.  Innovations in the GPGPU could cause some changes to the landscape between Intel, AMD, and Nvidia.  I believe that heterogenous computing will grow from a small niche into a larger one.

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ARM, Intel, and AMD in the (micro)server space

There is talk about ARM making inroads into the server market.  I don’t believe that this will be a huge threat to Intel.

Intel: a cheap-ish growth stock?

Briefly, Intel may be a good investment due to:

1. Cheap.  The P/E is around 10.3.
2. In the long run, Intel will be able to consistently grow its revenues as we find more uses for computers (e.g. smartphones, tablets, cloud).  8% revenue growth will likely continue into the near future.
3. Its economic moat.  Its dominant market position lets it enjoy economies of scale in R&D and in manufacturing.  On the fabrication side, Intel is almost always a step ahead when it comes to process size and process technology.