3 Chip Stocks to Note Now: NVIDIA Cuts Shield Price, Qualcomm Powers Next Galaxy, and Intel Signs on With A4WP
NVIDIA (NASDAQ:NVDA): In response to gamer feedback, NVIDIA has cut $50 from the price of its Shield gaming console, to $299 — still $50 above the $249 that Sony charges for its PS Vita. The Shield launches on June 27, and is aimed at sparking an interest in high-end Android-based gaming, which if successful, could indirectly benefit NVIDIA’s mobile processors and GPU core businesses.
Qualcomm (NASDAQ:QCOM): Qualcomm has continued its reign in Samsung (SSNLF.PK) products, as the Korean electronics titan announces a new Galaxy S 4 that doubles peak download speeds by supporting a basic version of the LTE-Advanced standard, and runs on a Qualcomm Snapdragon 800, good for 2.3 GHz with quad-core architecture. The 800 has been in high demand, and may find its way into the Galaxy Note 3 as well, in addition to Nokia (NYSE:NOK) and Sony (NYSE:SNE) devices as well.
Intel Corp. (NASDAQ:INTC): The Alliance for Wireless Power (A4WP), a group of 40 or so different companies striving for advancement in cord-free charging technologies, has added Intel to its already-bulging portfolio of high-profile members. ”Intel believes the A4WP specification, particularly the use of near-field magnetic resonance technology, can provide a compelling consumer experience and enable new usage models that make device charging almost automatic,” the company said.