3 Chip Stocks to Note: Intel Invests in Startup, Nvidia Shield Gets Rave Reviews, and AMD Promotes Embedded Chips
Intel (NASDAQ:INTC): Intel is leading a venture capital effort into the startup Maginatics along with several other major U.S. tech giants. According to Amarjit Gill, co-founder and chief executive officer of Maginatics, the company plans to use the financing to hire new employees and and hone its business, marketing, and sales operations. Maginatics offers new solutions in Web-based storage space.
Nvidia (NASDAQ:NVDA): Nvidia’s new handheld gaming console, The Shield, is getting rave reviews, and what seemed to be a risky foray into the mobile gaming space could now pay off big. According to TechCrunch, the device acts as a sort of iPod with access to Android features. Google Play is available on The Shield, and, moreover, the device gives users the ability to stream games via Steam with the right setup.
AMD (NYSE:AMD): AMD is delving further into the embedded chips space, identifying it as a market essential to its expansion, according to eWeek. Promotionally, the company will allow designers to purchase a CPU and discrete GPU at up to 20 percent savings. Kamal Khouri, director of embedded products at AMD, said in a statement, “There is a need for a greater variety of processor and graphics options in several market segments ranging from storage to digital signage and gaming to meet ever growing performance requirements.”