Bank Of America Merrill Lynch believes new products can further boost AMD's stock, bucking the trend of a series of bearish analyst outlooks.
The consortium aims to define new network architectures for the self-driving car ecosystem.
Analysts suggest memory chips are replacing microprocessors as the most important component.
Short sellers load up on semiconductor stocks, but losses grow.
Investors take to the sidelines on Wall Street's favorite stock on concerns over slowing growth.
Jefferies predicts NVIDIA will report upside in second quarter earnings Thursday and urged investors to add to their position.
Intel, valued at a 40% discount to the S&P 500, is poised to rise by 21% through 2018.
In spite of slower microchip sales growth, Intel, AMD and Micron could outperform the market.
Samsung has become the world's largest chip maker by revenue.
Samsung gains on a supply squeeze for NAND and DRAM memory chips as demand for data storage surges.