3 Chip Stocks to Note Now: ARM Offers Good Short Opportunity, Intel Slides On Evercore’s Downgrade, and Nvidia to Go Mobile

ARM Holdings (NASDAQ:ARMH): Bernstein believes that ARM could present a good short opportunity after the second quarter results and expects ARM Holdings to report stronger than anticipated numbers, but continues to predict that the company will perform below consensus over the longer term.

ARMH

Intel Corp. (NASDAQ:INTC): Intel shares are down nearly 4 percent, struggling against a downgrade to Underweight from Evercore partners which is worried about still-weakening PC trends, peaking chip prices, and the potential of Atom CPUs to cannibalize Core CPUs. Analyst Rob Chira now expects PC sales to fall 10 percent year-over-year, worse than the previously pegged 6 percent.

INTC

Nvidia (NASDAQ:NVDA): In addition to its foray into the mobile gaming market with its Shield handheld game console, the company is also set up to power an array of mobile phones as well. The Xolo Play, a purpose-built gaming smartphone, will soon be released, packing Nvidia’s Tegra 3 processor. Notably, Xolo launched the first Intel-powered phone in 2012, and the Play will be the first Nvidia powered unit on its launch in India.

NVDA

Don’t Miss: Did Pictures of Nokia’s Newest Flagship Phone Just Leak?

More Articles About:   , , ,  

More from The Cheat Sheet