Intel (NASDAQ:INTC) to Benefit from Architecture Replacement in 2011

Intel (NASDAQ:INTC) looks like they'll generate revenue in 2011 from companies replacing older architecture with the x86.

Auriga commented, "We don't assume a similar pace in 2011, but we do see significant revenue opportunity for INTC as x86 replaces older architectures in server builds and computing power continues to move to the cloud. On the PC client side, our checks suggest a somewhat lackluster market, with 2011 unit growth likely only in the single-digit range as tablets cannibalize a portion of notebook sales and desktop continues to slow."

Auriga reiterates their "Buy" rating on Intel, which closed Friday at $21.91, up $0.10, or 0.46 percent. They raised their price target on them from $22 to $26.