I'm thinking Intel will have the edge over AMD for sometime with it's Atom & Nehalem technology. The ATI side of the business seem to be making some gains against Nvidia though.
I'm a bit pessimistic for the near future.
:Edit:
I should point out I have next to no investment experience and finances, and currently hold no positions in anything. :D
This does seem like as good a time to start as any, and I'm willing to make my first mistake under these conditions.
I'm thinking there are many potential deals out there, and obviously am looking to diversify.
Great thread, I'm pulling up my chair!
The top 5 I'd put down with the limited DD and hunting I've done are:
RBS - @1.45 ( tomorrow will be very interesting I think )

GOOG - @332
INTC - @15.19
JPM - @ 41.64
MOS - @36.4