3 Chip Stocks to Note Now: Nvidia’s new CFO, Intel Gets a Good Word, Qualcomm Health Goes Wireless
Nvidia Corp. (NASDAQ:NVDA): closing at $15.81
Nvidia has appointed Colette Kress as its executive vice president and chief financial officer. Kress previously spent 13 years at Microsoft, including four years as chief financial officer of the Server and Tools division, and held senior roles in corporate planning and finance. Prior to that, she served at Texas Instruments in a variety of finance positions; most recently, she served for three years as senior vice president and chief financial officer at Cisco’s Business Technology and Operations Finance organization.
Intel (NASDAQ:INTC):closing at $23.39
Stifel believes that the power efficiency of Intel’s products and its overall platform design have improved significantly, and expects the company to gain market share in tablets and mobile devices. It keeps a $28 price target and a Buy rating on the shares.
Qualcomm (NASDAQ:QCOM):closing at $68.09
Rick Valencia, the vice president of Qualcomm Life, discussed the company’s 2net device at the Uplinq conference in San Diego. He claimed that the device is a more efficient way to deal with information needs in the health care sector, which are at an all-time high. Valencia noted that the needs were especially prevalent in the developing world, where relatively few people have direct access to doctors, and, even for those that do, medical specialists are scarce. He stressed that Qualcomm, and more specifically Qualcomm Life, will continue to focus on the patient rather than the hospital in motivating their designs for products in the sector.
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