3 Chip Stocks to Note Now: Nvidia’s Shield Gets a Teardown, Qualcomm’s Take on 8-Cores, and Broadcom Gets Rapped by UBS
Nvidia (NASDAQ:NVDA): The chip maker launched its new handheld device on Thursday, and it’s powered by the company’s new Terga 4 processor. The company claims the processor is the world’s fastest mobile processor, and the chip will purportedly grant 4K ultra high-definition video support as well as PRISM 2 display tech that aims to minimize power used by the backlight, thus prolonging battery life.
Qualcomm (NASDAQ:QCOM): “You can’t take eight lawnmower engines, put them together and now claim you have an eight-cylinder Ferrari. It just doesn’t make sense”: That’s how Qualcomm Vice President Anand Chandrasekher feels about eight-core processors. It’s therefore probably unlikely that Qualcomm will be producing any octa-core processors anytime soon, since Chandrasekher believes that throwing cores together is the equivalent of throwing spaghetti against the wall and seeing what sticks, TechHive reports.
Broadcom (NASDAQ:BRCM) UBS downgraded Broadcom from Buy to Neutral, citing slowing smartphone growth, moderate cellular system-on-chip growth, and headline risk from combo connectivity chip share loss. The price target was lowered to $30 from $35.