QUALCOMM, Inc. (QCOM), NVIDIA Corporation (NVDA): The Best Semiconductor Bet in the Smartphone Market

Qualcomm’s latest innovation, the Snapdragon 600 processor, offers a better performance compared to the 8960. During 2012, Qualcomm’s 8960 processor faced stiff competition from NVIDIA Corporation (NASDAQ:NVDA)’s Tegra 3. Some analysts believe that this year will be a clean sweep for Qualcomm’s Snapdragon 600 processor.

Conclusion

Based on future predictions of share price and revenue estimates and greater moves toward innovation and brand building, I believe that Qualcomm will increase its customer base and profitability. The new Snapdragon 600 and 800 chips will ensure the company’s dominance on the handheld space. These factors make Qualcomm a long-term buy.

Red Chip has no position in any stocks mentioned. The Motley Fool recommends Intel and NVIDIA. The Motley Fool owns shares of Intel and Qualcomm.

The article The Best Semiconductor Bet in the Smartphone Market originally appeared on Fool.com and is written by Red Chip.

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