3 Chip Stocks to Note Now: Intel’s New Division, Qualcomm’s Mixed Earnings, Broadcom’s Nexus Success
Intel Corp. (NASDAQ:INTC): Intel is creating a new embedded products unit named the Internet of Things Solutions Group, which will report directly to CEO Brian Krzanich. The division springs up just a month following Intel’s launch of the low-power Atom CPU, intended specifically for embedded devices. The effort is meant to ensure that Intel doesn’t get left behind as more and more lifestyle products are developed with chips and processors incorporated inside.
Qualcomm Corp. (NASDAQ:QCOM): Qualcomm’s shares are trading down after-hours on news of mixed results for the company’s earnings report. In the fourth fiscal quarter, Qualcomm delivered earnings per share of $1.05, missing expectations by 3 cents, while revenues of $6.48 billion beat out expectations by more than $100 million. However, the company has issued cautious guidance for the next quarter, coming in well below what most analysts had predicted the company would forecast. The company’s guidance for the 2014 fiscal year, however, was more optimistic.
Broadcom Corp. (NASDAQ:BRCM): A tear-down of Google’s new Nexus 5 device reveals that Broadcom’s chip was chosen for the connectivity combination slot, and “unlike the disappointment with the recent iPhone/iPad launches in which Apple went with an 802.11n Wi-Fi solution rather than an 802.11ac Wi-Fi solution (which is more advanced),” Google instead opted for the range-topping BCM4339 5G Wi-Fi chip, essentially making for “a double win for Broadcom,” Daily Finance reports.
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