3 Chip Stocks to Note Now: AMD Slides on Twin Downgrades, Nvidia Remains Committed to RT, and Broadcom Sees Smooth Sailing After Headwinds
Advanced Micro Devices Inc. (NYSE:AMD): Shares have tanked following the company’s latest quarterly results, though the chip maker saw a solid period. Two downgrades – to Underweight by Morgan Stanley and to Underperform by Credit Suisse — are undoubtably responsible for the 14 percent crater in the stock.
Nvidia (NASDAQ:NVDA): Microsoft’s (NASDAQ:MSFT) quarterly miss, combined with Intel’s (NASDAQ:INTC) soft results released Wednesday sparked reverberations around the industry, with Nvidia falling over 2 percent in Friday trading. Despite Microsoft’s shortfalls, Nvidia remains upbeat on its prospects with Windows RT, and the company still believes that Windows RT has a bright future ahead of it despite many analysts’ projections calling for its demise, BGR says.
Broadcom (NASDAQ:BRCM): Although Trefis admits that Broadcom’s near-term growth prospects look bumpy, it’s much more optimistic about its long-term timeline, which will be driven by a strengthening product portfolio that will help the company cash in on the mobile surge. “Broadcom has managed to increase its market share in the last few years,” Trefis says. ”Owing to significant improvement and the addition to its mobile product portfolio last year, it now ranks among the top four players in the baseband and smartphone application processor market”
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