Time New York: Thu 21 Mar 16:43 pm  |  Save 15% on H&R Block Online


Qualcomm Arms IoT Devices With Vision Intelligence Platform


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.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 – 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.