Qualcomm Disses Intel and 4 Chip and Big Data Stocks on the Move
Broadcom Corp. (NASDAQ:BRCM): Broadcom Corp was upgraded by analysts at RBC Capital from a “sector perform” rating to an “outperform” rating. They now have a $48.00 price target on the stock, up previously from $36.00.
QUALCOMM Incorporated (NASDAQ:QCOM): The popular technology and analysis website, Bright Side Of News, noted that an advertisement by Qualcomm Incorporated showed that a phone based on their Snapdragon system-on-chip, is performing significantly better on a number of everyday phone usage tasks than one powered by a “competitor.” As BSN noted, this competitor looks like the Lava Xolo 900 phone powered by the Intel’s (NASDAQ:INTC)Atom Z2460 Medfield processor.
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Rambus Inc. (NASDAQ:RMBS): The computer chip designer Rambus Inc. has long been haunted by their decision to shred hundreds of boxes of documents before they launched a litigation campaign against a big swath of the semi-conductor industry. The latest blow came on Friday when the judge, who had been sympathetic to Rambus ruled that the company, in anticipation of litigation, willfully destroyed documents. The judge indicated that he would reduce a $397 million judgment that the firm had won against rival, SK Hynix Inc. in 2009.
ARM Holdings PLC. (NASDAQ:ARMH): Shares of ARM Holdings, as well as broader equities, pulled back in the market yesterday. This ended south of their 10-day moving average, for a second straight session.
Seagate Technology PLC (NASDAQ:STX): Seagate Technology PLC. (STX) is one of the best performing stocks on the market. Over the last year, they have increased in value by nearly 200% in spite of a troubled market as well as questions surrounding the future demand of hard disk drives (HDDs). After reaching new highs, their stock is currently trading with a one-month loss of more than 7%. However, in the last week, their shares rallied by 6% and they were one of the few that traded higher on Tuesday. With that being said, this is a stock that trades in very noticeable trends and now appears to be trading to new highs.