Canaccord Genuity has a "buy" rating on Intel.
Launched late last year, Intel's Z2760 Atom processor, code-named "Clover Trail" is a low-power offering aimed at the market for Microsoft Windows 8 tablets from the likes of Dell and Hewlett-Packard.
Rick Sherlund, an analyst at Nomura, agrees that Intel is likely to focus attention on its new processor when it meets with analysts at CES on Monday. "We would expect there to be an emphasis on Intel's new and strategically important Clover Trail processor for tablets, including successor Bay Trail," he wrote, in a recent note. "Clover Trail chips have had some issues getting to market and largely missed the holiday season."
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Sherlund notes, however, that with power management modifications to the chip now out of the way, he expects shipments to ramp up in January. "We expect to see some new Clover Trail based tablets running Windows 8 that would be featured by Intel, along with other new Windows 8 devices," he wrote.
The analyst points out that rival chip maker Nvidia is boosting efforts around its next-generation Tegra 4 offering, which was announced at CES early on Monday.
"We also wonder when Microsoft may refresh the Surface RT tablet to run the new Tegra 4 chip, as well as potentially updating [the] Surface Pro [tablet] to run on Clover Trail," he added.
Lazard Capital Markets upgraded Intel from "neutral" to "buy" on Monday, citing the potential for wider profit margins, the impact of ultrabooks, the company's manufacturing strength and its dividend yield.
"We think demand will begin to improve next quarter as more Ultrabooks hit the market in 2H13," wrote Lazard Capital Markets analyst Daniel Amir.
Intel shares rose 0.9 percent to $21.35 in trading on Monday.