More on Wells Fargo's Intel (INTC +1.1%) estimate hike: Analyst David Wong thinks the x86 server...

|About: Intel Corporation (INTC)|By:, SA News Editor

More on Wells Fargo's Intel (INTC +1.1%) estimate hike: Analyst David Wong thinks the x86 server CPU market can grow at a mid-teens annual rate over the next several years, and is an overlooked beneficiary of the smartphone/tablet boom. He notes Intel has suggested "122 tablets generate enough data traffic to occupy 1 server, and 600 smartphones generate a similar amount of traffic." Wong also argues tablets aren't powerful enough to displace notebooks, and has high hopes for Intel's next-gen mobile processors.