3 Chip Stocks to Note Now: Intel’s Tablet Platform, Nvidia’s Gaming Partner, ARM Holdings Looks Up
Intel (NASDAQ:INTC): Rumors abound that Intel will be using the Intel Developer Forum Conference in early September to unveil its Bay Trail-T platform for tablets. The first major release for the company under new CEO Brian Krzanich, the platform will come in conjunction with the Valleyview Atom Chip. Intel claimed that the platform will be available on tablets with price tags below the $200 mark, with prices expected to be even cheaper for the holiday season.
Nvidia (NASDAQ:NVDA): Nvidia has partnered with Warner Bros. Interactive Entertainment to combine its latest graphics card release with the debut of the newest Batman game, Batman: Arkham Origins. Nvidia will include game codes to download the Batman game with purchase of its GeForce Experience, hoping to drive sales of the graphics powerhouse with the bonus. The deal also works out well for Warner Bros., as Nvidia has historically only partnered with games whose graphics are of the highest quality.
ARM Holdings (NASDAQ:ARMH): Deutsche Bank upgraded ARM shares to a Buy rating several days after ARM issued earnings data that fell in line with analyst expectations. Despite lower-than-expected revenues in the second quarter of 2013, several other analysts upgraded ARM in the past week, with the majority of major commentators giving the shares a Buy rating with a price target averaging approximately $45.