Nvidia Corporation (NVDA): Can This Make Its Stock Boom?

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Despite NVIDIA Corporation (NASDAQ:NVDA)’s help in driving down LTE device prices, the impact of this on NVDIA stock at this point is likely to be minimal. NVIDIA faces a lot of competition in the space. In 2012, Qualcomm took about 52% of revenue in the baseband market, followed by MediaTek and Intel. What investors should really be looking for is how many mobile device makers adopt NVIDIA’s new chip. The company needs its first foray into the LTE market to go well, and failing to do so could significantly hurt the company’s current mobile position.

The article Will This Mobile Shift Make NVIDIA Stock Pop? originally appeared on Fool.com.

Fool contributor Chris Neiger has no position in any stocks mentioned. The Motley Fool recommends Apple, Intel, and NVIDIA. The Motley Fool owns shares of Apple, Intel, and Qualcomm.

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