Advanced Micro Devices Inc, ARM Holdings plc, NVIDIA Corporation and QUALCOMM Inc Emerge as Hot Chip Stocks
The new 12 GB graphics card AMD FirePro S1000Advanced has been announced by Micro Devices, Inc.(NYSE:AMD); the card will be efficient for double or single precision computing tasks that are high-performance. In the last session of trading volume share of Advanced Micro Devices, Inc. (NYSE:AMD) was 15.12 million whereas its average volume share is 33.94 million. The stock opened at a value of $3.55 and went up as high as $3.57; after dipping by -0.56% the stock closed at $3.52.
The most persistent programming model and platform for parallel computing NVIDIA CUDA 6 has been announced by NVIDIA Corporation (NASDAQ:NVDA). Shares of NVIDIA Corporation (NASDAQ:NVDA) ended at a value of $16.22 yesterday. Institutional ownership of the stock is 77.70% whereas its insider ownership is 0.30%. Stock’s shares capital has outstanding shares of 585.35 billion out of which 550.39 are being floated in the market.
QUALCOMM, Inc. (NASDAQ:QCOM) will witness growth in its earnings in the year 2014 because of it which the company’s stock entered Goldman Sachs’ Conviction Buy List and was given a price target of $80. Shares of QUALCOMM, Inc. (NASDAQ:QCOM) saw a jump up by 1.70% in the stock market and ended at a value of $71.22. The stock’s range over 52 weeks was between $59.02 and $71.48 where it has a $120.32 billion market capitalization. In the last session of trading the QCOM had a volume share of 14.86 million. The stock’s shares capital has outstanding shares of 1.69 million.
Chip maker The contract volume for ARM Holdings plc (ADR) (NASDAQ:ARMH) went over 4,000 contracts towards the session’s end, which is 9 times more than its previous strike open interest. Shares of ARM Holdings plc (ADR) (NASDAQ:ARMH) kicked off at $44.79 at the start of the session and went up as high as $45.58; after going up by 0.96% the stock ended at a value of $45.38; its range over the day was between $44.77 and $45.58. ARMH has a $21.17 billion market capitalization. In the trading session the stock had a volume share of 1.63 million whereas its average volume share is 1.96 million.