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Qualcomm Arms IoT Devices With Vision Intelligence Platform

Zacks

QUALCOMM Incorporated’s QCOM business subsidiary — Qualcomm Technologies, Inc. — recently rolled out its Vision Intelligence Platform in a bid to make Internet of Things (IoT) devices smarter.

Over the last six months, shares of this Zacks Rank #3 (Hold) stock gained 4.2%, in line with the growth recorded by the industry.



Qualcomm’s premium Vision Intelligence Platform will enhance the quality and features of devices like consumer and industrial smart-security cameras, wearable cameras, and virtual reality cameras.

The platform features state-of-the-art system-on-chips (SoCs), including the company’s 10nm Fin Shaped Field Effect Transistor process technology.

These SoCs will assimilate Qualcomm’s Artificial Intelligence Engine and advanced image-signal processor, with assorted compute architecture, comprising vector processor and graphics processing, and Acorn RISC Machine-based multicore Central Processing units.

Notably, the QCS603 and QCS605 SoCs are manufactured to provide powerful computing for on-device machine learning and camera processing, with extraordinary thermal and power efficacy, across various types of IoT applications.

Furthermore, Qualcomm’s Vision Intelligence Platform will include machine learning, advanced camera-processing software and computer vision software-development kits.

The company believes its new intelligence platform will be widely appreciated by the manufacturers of IoT devices. Notably, renowned organizations like Keda Communications Ltd. and The Ricoh Company, Ltd. are already planning to build products with Qualcomm’s Vision Intelligence Platform.

Key Picks

Some better-ranked stocks in the Zacks Computer and Technology sector are listed below:

Applied Materials, Inc. AMAT sports a Zacks Rank #1 (Strong Buy). The company’s earnings per share (EPS) are projected to grow 13.3% for the next three to five years. You can see the complete list of today’s Zacks #1 Rank stocks here.

Agilent Technologies, Inc. A carries a Zacks Rank #2. The company’s EPS is estimated to rise 10.8% over the next three to five years.

CACI International, Inc. CACI also holds a Zacks Rank #2. The company’s EPS will likely be up 10% during the same time frame.

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