Qualcomm (NASDAQ:QCOM) Will Benefit from Microsoft's (NASDAQ:MSFT) ARM (NASDAQ:ARMH) Compatible Devices

The announcement at CES on Wednesday by Microsoft (NASDAQ:MSFT) their newest version of Windows will be compatible with ARM (NASDAQ:ARMH) devices should be a huge benefit for Qualcomm (NASDAQ:QCOM), says Goldman Sachs (NYSE:GS).

They were referring to Qualcomm being able to compete against Intel Corp. (NASDAQ:INTC) in the PC sector better.

Goldman said, "This substantially increases Qualcomm’s TAM, which is currently around a $21 bn cellular chipset market. By comparison, the PC processor market is around $40 bn, with the more directly addressable notebook segment at around $19 bn. We expect ARM-based vendors as a group, and Qualcomm in particular, to be successful in gaining share in the notebook market, given the significant advantages in power usages and battery life for ARM vs. x86."

Qualcomm was trading at $52.74, gaining $0.71, or 1.36 percent, as of 1:01 PM EST.