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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: NXP's processors are used for near field communication, which lets two devices close to each other share data wirelessly. Over time, the technology could enable all sorts of peer-to-peer mobile apps that aren't possible today -- such as using your phone as a credit card substitute.
Now what: NFC remains a nascent market, but it's one that both Google and Apple are interested in. That's good news for an infrastructure supplier like NXP.
Interested in more info on NXP Semiconductors? Add it to your watchlist.