Hottest Chip Stocks – QUALCOMM Inc, ARM Holdings Plc, Advanced Micro Devices Inc and NVIDIA Corporation
ARM Holdings plc (ADR) (NASDAQ:ARMH) started off with a rating of “Outperform” at JMP Securities and a $55 per share price target. On the last day of trading, stocks of ARM Holdings plc (ADR) (NASDAQ:ARMH) had a volume share of 1.54 million; the average volume share of the stock is 2.05 million. Shares of ARM opened at $2.05 and went up as high as $46.78 and after decreasing by 1.14% ended at $46.04.
Advanced Micro Devices, Inc. (NYSE:AMD)’s future is largely dependent on videogame consoles, which will enter the market in the current month. However, the chip manufacturers are still strong about their PC market. According to Sony Corporation (SNE) it sold one million of its PlayStation 4 in Canada and within the 24 hours of the launch of the consoles. Xbox by Microsoft will start to sell from Friday. Stocks of Advanced Micro Devices, Inc. (NYSE:AMD) started trading at $3.53 and went up as high as $3.53 during the day’s trading session; towards the end of the day’s trade, the stocks declined by -0.86% and closed at $3.47. The company’s stocks have a 3.89% weekly performance.
NVIDIA Corporation (NASDAQ:NVDA) earlier today launched its GPU accelerator that is the company’s fastest ever. When comparing specifications, memory capacity K40 model by Tesla is double as compared to NVDA’s GPU accelerator’s memory capacity; K40 gives a performance upgrade by 40% as compared to its predecessor. A joint venture between International Business Machines Corp. (NYSE:IBM) and NVIDIA Corporation (NASDAQ:NVDA) was announced by NVIDIA; the venture hopes to introduce GPU accelerators in the centers of enterprise-scale data. On the 18th of November, stocks of NVIDIA Corporation (NASDAQ:NVDA) declined by -2.41% and ended at $15.78. The stock’s range during 52 weeks was between $11.15 and $16.32. NVIDIA stocks had a $9.13 billion market capitalization. The stock’s overall share volume was 7.92 million in the last session of trading. The company has outstanding shares of 578.60 million.
According to QUALCOMM, Inc. (NASDAQ:QCOM) Qualcomm Toq™ (‘talk’) –a smart watch by QUALCOMM’s fully-owned subsidiary, Qualcomm Connected Experiences, Inc., – will be available for sale on the 2nd of December, cyber Monday. This smart watch by QUALCOMM, Inc. (NASDAQ:QCOM) will be compatible with smartphones powered by Android™. The smart watch smartphones* and features display technology Qualcomm Mirasol™ of Qualcomm MEMS Technologies, Inc., which provides many days long battery life and an always-on feature; the watch will be easily visible outside in the bright sunny day. The starting price of the smart watch Toq beings at $349.99; the watch will be made available via toq.qualcomm.com.
Stocks of QUALCOMM, Inc. (NASDAQ:QCOM) reached its highest value at $72.30, starting off at $72.28 and then declined by -0.32% and ended at $71.94; the stock’s day range was between $71.71 and $72.30. QUALCOMM’s stock has a $121.54 billion market capitalization. The session’s volume share for the stock was 10.96, which is higher as compared to its average volume share of 10.54 million.