Today’s Research Reports on Stocks to Watch: NVIDIA and Intel
NEW YORK, NY / ACCESSWIRE / April 4, 2018 / NVIDIA shares closed up almost 2% yesterday on moderate trading volume. The company recently announced that it is partnering with U.K.-based Arm Holdings to bring AI to Internet of Things gadgets. Shares of Intel also closed up higher despite a not so positive rumor circulating that Apple would be dropping the company's chips in its Macbooks come 2020.
RDI Initiates Coverage on:
NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA
Intel Corporation
https://rdinvesting.com/news/?ticker=INTC
NVIDIA Corporation shares closed up 1.95% on almost 16.7 million shares traded yesterday. The company recently announced along with SoftBank's Arm Holdings that they will be partnering to make it easier for chipmakers to add deep learning abilities to next generation consumer electronics as well as mobile devices and Internet of Things gadgets. The two will combine forces to enable IoT chipmakers to integrate AI features quickly into their products. NVDIA's Deep Learning Accelerator (NVDLA) will be integrated into Arm Holdings' Project Trillium machine learning chip designs. NVIDIA's vice president and general manager of Autonomous Machines, Deepu Talla, remarked, "Inferencing will become a core capability of every IoT device in the future." He also said, "Our partnership with Arm will help drive this wave of adoption by making it easy for hundreds of chip companies to incorporate deep learning technology."
Access RDI's NVIDIA Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NVDA
Intel Corporation shares closed up 1.70% on about 39.4 million shares traded on Tuesday. The company has made some headlines this week as rumors surfaced on Monday from Bloomberg that tech giant Apple would be dumping Intel's chips from its Mac computers starting 2020. Despite the negative news, Intel shares headed higher. According to Credit Suisse analyst John Pitzer, who has an "outperform" rating on Intel shares, "The Sky is Falling…Again […] This has been an existential threat ever since AAPL(Apple Inc) introduced the A4 processor in CY10 for the iPhone, and was first speculated by Bloomberg back in 2012 […] The specificity of the article does lend some credibility. It is clear to us that AAPL has been working towards a goal of 'moving up the stack' if only to keep INTC (Intel) 'honest' – but we see the sell-off as an over-reaction […] It is unclear what moving up the stack offers – a unified OS seems tertiary as apps have become more form-factor specific, it would likely open up the risk of performance/compatibility issues, and a move down with a lower cost solution seems antithetical to AAPL's ‘premium' strategy."
Access RDI's Intel Corporation Research Report at:
https://rdinvesting.com/news/?ticker=INTC
Our Actionable Research on NVIDIA Corporation (NASDAQ: NVDA) and Intel Corporation (NASDAQ: INTC) can be downloaded free of charge at Research Driven Investing.
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