3 Chip Stocks To Note Now: Intel Gets Serious With Android, Qualcomm’s Attractive Value, Nvidia’s New Dashboard
Intel (NASDAQ:INTC): Given the lack of buzz that Microsoft (NASDAQ:MSFT) has generated with its Windows 8 tablets, Intel is pointing its attention to Android-based tablet-convertible notebooks, which have seen greater market saturation. Sources have reported that Intel has estimated the price ‘sweet spot’ of Android-based notebooks is around $500, and the machines will also need to feature detachable keyboard designs to allow transformation into a tablet, they said. Several manufacturers are scheduled to release tablet-convertible notebooks in the coming months, including Lenovo, Hewlett–Packard (NYSE:HPQ), and Acer.
Qualcomm (NASDAQ:QCOM): Bernstein is anticipation stronger than anticipated Q2 earnings from the chip maker, and that the stock is attractive at current levels. It maintains an $80 price target and Outperform rating on its stock.
Nvidia (NASDAQ:NVDA): It seems more tech companies are exploring the boundaries of automobile-based applications, and Nvidia has made its submission for what it believes a dashboard should look like. Powered by its own Tegra processor, Nvidia’s proposed dash system manages the instrument cluster, entertainment system, climate control, communications, and navigation tasks – all with touchscreen navigation. The new cluster would also be configurable to the driver’s needs, offering up whatever information is most useful to the driver at a given time.
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