5 Tech Stocks That Investors Should Not Be Bearish On
Fundamentally, Tegra chips will play an increasingly important role in mobile gaming. Despite its absence in Apple, Android sales will only increase. NVIDIA is well-positioned for sales in the mobile space.
5. Microchip Technology Inc. (MCHP): Develops and manufactures semiconductor products for various embedded control applications worldwide. Market cap at $6.54B, most recent closing price at $33.59.
Bearishness increased to 19.4 million shares in the last two weeks of December 2012. Shares appear to have bottomed at $29, closing recently at $33.59. MHCP has a new MGC3130 chip. The chip can recognize hand gestures in 3 dimensions, and has a range of 6-inches. By using electrical fields, the chip can track gestures while using 90% less power.
Written by Chris Lau. Disclosure: Author has a long position in Electronic Arts.