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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Tech Rumor of the Day: Nvidia

Nvidia (NVDA) 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 TheStreet.com, 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
Nvidia

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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs