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Congrats to Broadcom.
Its ticker symbol is AVGO.
It beat earnings today after the bell
Just like we predicted.
Check out the two videos we did on Broadcom the past 7 days.
It’s currently up 7% after-hours.
Today we want to talk about NXP Semiconductors.
The ticker symbol is NXPI.
Since it completed its $40 billion merger of Freescale Semiconductor in December, it’s become the world’s largest automotive semiconductor company.
It has 45,000 employees in 35 countries.
One quarter of them are engineers.
They revealed in May their BlueBox platform.
They hope that it will become the “brains” of self-driving cars.
They will have competition.
Like Nvidia (NVDA)
As companies like Google (GOOG), Tesla (TSLA), Ford (F) and perhaps Apple (AAPL), crack the code on self-driving cars, NXPI could see their revenue spike.
Right now NXPI has about $300 of semiconductors in premium cars.
This could rise to $500-$600 in the next 10 years.
NXPI also makes chips for electronic passports and other forms of identification.
And it makes chips that allow people to pay for things with their smartphones.
Mobile payments will continue to rise.
And NXPI’s price should continue to rise as well.
Some possible suitors according to rumors are:
* Texas Instruments
NXPI is projected to almost double their EPS (Earnings Per Share) in the next two years from $5.50 to $9.50.
We think NXPI is a great play.
By the time we are 16 years old, we could be driving a self-driving car.
Will we still need to take a driver’s license test?
If we have a self-driving car when we are 16 years old, we can play video games while driving to high school.
Maybe an investment in NXPI can help us pay for a car.
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