QUALCOMM CEO Plans New Investments and 4 Chip and Big Data Stocks on the Move
Broadcom Corp. (NASDAQ:BRCM) believes that they can make near-field communication, popularly known as NFC, a common smartphone feature by offering it in a chip with other wireless technologies, even if making payments with it doesn’t catch on right away. The communications chip company announced what they called the first chip with built-in Wi-Fi, Bluetooth, FM radio and NFC which they said should start appearing in handsets next year.
QUALCOMM Incorporated (NASDAQ:QCOM): According to the Wall Street Journal, Qualcomm Incorporated’s Chief Executive Officer, Paul Jacobs, is planning to invest in new mobile technologies, including small home equivalents of cellular broadcast towers. This will help to ease congestion on the carriers’ networks and smartphones that link with sensors in homes, cars, stores and medical devices.
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Rambus Inc. (NASDAQ:RMBS): J.P. Morgan’s Paul Coster raised his rating on the stock from Neutral to Overweight with a price target of $7. At $4 to $5, the shares are supported by contracts for Rambus Inc.’s semiconductor business group by $212 million in cash and the break-up value of LED lighting technology as well as their cryptography division, CRI.
ARM Holdings PLC. (NASDAQ:ARMH): Analysts at Liberum Capital have said that shares of ARM Holdings PLC. are overvalued.
Western Digital Corp. (NYSE:WDC): J.P. Morgan reiterated their Neutral rating on Western Digital Corp., but lowered their price target from $38 to $36.
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