This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tech Rumor of the Day: Nvidia

Nvidia (NVDA - Get Report) is once again on the verge of cracking a mobile device market: smartphones.

Mike Rayfield, the general manager of Nvidia's mobile unit says he expects the company's Tegra chip to debut in a phone from one of the top five cell-phone makers as early as the fourth quarter of this year.

Rayfield, in an interview at, wouldn't name the phone maker that will deliver the first device with an Nvidia chip, but industry experts speculate that Samsung or Motorola (MOT) are probably the most likely. The thinking is that both tech shops have plans to introduce Google (GOOG) Android phones and Nvidia has been working with Android.

If true, this would mark a long-delayed and hotly anticipated breakthrough for the PC graphics chip specialty shop. Nvidia has spent about five years and $500 million developing a mobile chip business, says Rayfield. He says the company has won a place in 16 devices to be made by 11 manufacturers.

The Tegra chip promises low power consumption and high-resolution graphics to help smartphone makers deliver improved devices to a hot market.

Nvidia's Big Opportunity
Total available market for
mobile processing chips

However, the company has had its setbacks as it tries to expand beyond the high-end graphics chips business, which has been tied to PC manufacturing and the advance of computer video and gaming. As PC sales have slumped, so have Nvidia's prospects, thus its need to find new growth.

In 2007 the company introduced a cellphone graphics chip at the GSM wireless show. Last year, Nvidia launched Tegra, a tiny all-in-one computing and graphics processor chip with the promise of powering devices last year or early this year. But no cell phones bearing the chip materialized.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
GOOG $524.05 0.00%
MSFT $41.62 0.00%
NVDA $22.20 0.00%
QCOM $67.12 0.00%
TXN $57.33 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs