3 Chip Stocks to Note Now: AMD May Delay Kaveri, Qualcomm Could Beat Estimates, and Nvidia Finds a Home in ZTE
Advanced Micro Devices (NYSE:AMD): AMD’s first 28 nm Steamroller architecture-based CPUs — known as Kaveri — could be postponed for release until February 2014, PC industry sources told Digitimes. Kaveri is targeted for midrange desktops and midrange to high-end notebooks, and was supposed to have launched later this year.
Qualcomm (NASDAQ:QCOM): Kulbinder Garcha of Credit Suisse believes that Qualcomm may slightly beat expectations when it reports its fiscal third-quarter results on July 24, perhaps delivering $6.1 billion in revenue and $1.05 per share in profit versus Street expectations for $6.05 billion and $1.03, Barron’s reports. Despite the slowing of high-end phones, Garcha finds that both the chipset business and the licensing business, which make royalties off volume of smartphones sold, have upside relative to the Street’s expectations.
Nvidia (NASDAQ:NVDA): Smartphone manufacturer ZTE has announced the ZTE Geek, set to be the first Tegra 4-powered smartphone. The quad-core chip will be clocked at 1.8GHz and will have 2GB of RAM, according to the TENAA filing. However, this particular model will only work on China Mobile’s TD-SCDMA network, making the rest of the world wait for the global version of the phone.
Investing Insights: Can Qualcomm Stay King of the Mobile Chip Market?