HENDERSON, NV / ACCESSWIRE / January 4, 2019 / Forbes recently highlighted Bain's prediction that the Internet of Things (IoT) market will grow to about $520B in 2021, more than double the $235B spent in 2017. Data center and analytics will be the fastest growing IoT segment, reaching a 50% Compound Annual Growth Rate (CAGR) from 2017 to 2021. Below are a few IoT stocks to radar.
One we IoT stock that could be in position to benefit from this growth Gopher Protocol Inc. (GOPH), has several IoT and AI technologies that may be potentially useful in various industry applications. The company is currently coming off of a 52-week low meaning buyers at this level could lock in some major profits.
Today we are highlighting: Gopher Protocol Inc. (GOPH), Cypress Semiconductor Corporation (CY), Advanced Micro Devices, Inc. (AMD), Microchip Technology Incorporated (MCHP), and QUALCOMM Incorporated (QCOM).
The aforementioned Gopher Protocol Inc. (GOPH) (Market Cap: $56.032M, Share Price: $0.31) specializes in the development of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global mesh network technology platform for both mobile and fixed solutions. GOPH recently announced it is now working to enable its Gopher Avant! AI to be an informational agent covering Gopher’s technologies, products, platforms and related topics.
Gopher is also developing a customizable version that can be adopted by customers of Gopher's technology platforms. This version can be used to analyze information and become a subject matter expert in the relevant domain in order to assist their users with domain and organizational information.
For example, Gopher's customizable version can be used to provide a customer support chat agent for businesses that rely on large databases, e.g. like retail stores, legal firms, medical organizations, research organizations, etc. and others
GOPH has several other applications in the works and is worth a strong look.
Cypress Semiconductor Corporation (CY) (Market Cap: $4.387B, Share Price: $12.12), is going after lucrative IoT opportunities in the consumer electronics, automotive, and industrial spaces, and its recent results suggest it's finding success in all these areas.
Advanced Micro Devices, Inc. (AMD) (Market Cap: $17.04B, Share Price: $17.05) president and chief executive officer, Dr. Lisa Su, will present a keynote address at CES 2019. Dr. Su's presentation is scheduled for Wednesday, Jan. 9 at 9:00 a.m. PST in the Venetian Palazzo Ballroom.
Microchip Technology Incorporated (MCHP) (Market Cap: $15.685B, Share Price: $66.32) through its Microsemi Corporation subsidiary, provides industry-leading support for these capabilities with the first and only field programmable gate array (FPGA) for 10G PON OLTimplementation in compact form factor. The new PolarFire FPGA burst mode receiver (BMR) solution is also the only offering of its kind enabling 10G PON solutions in small form factor pluggable (SFP) and 10 Gb SFP (XFP) footprints.
QUALCOMM Incorporated (QCOM) (Market Cap: $67.517B, Share Price: $55.70) announced that the District Court of Munich found that Apple is infringing Qualcomm's intellectual property for power savings in smartphones and granted Qualcomm's request for a permanent injunction, ordering Apple to cease the sale, offer for sale and importation for sale in Germany of infringing iPhones. The injunction covers all models of iPhones that contain the infringing functionalities and apply to Apple's European Union entities as well as Apple Incorporated. The judgment is immediately enforceable once Qualcomm posts bonds covering potential damages incurred by Apple should the judgment be overturned or amended on appeal. Apple's request to the court for a stay of the injunction was denied. The court has also determined that Apple is liable for monetary damages in an amount to be determined at a later time.
This article was written by Regal Consulting, LLC ("Regal Consulting"). Regal Consulting has agreed to a two- month term consulting agreement with GOPH dated 12/31/18. The agreement calls for $100,000 in cash per month. All payments were made directly by Gopher Protocol, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. GOPH was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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