In the following video, The Motley Fool's Alison Southwick talks to Fool.com contributor Tim Beyers about Qualcomm's (NASDAQ:QCOM) new competitive challenge. NVIDIA (NASDAQ:NVDA), a company well known for its very high quality graphics rendering, has just released a chip for the mobile space designed to render graphics at very high speeds. Should Qualcomm, as the big guy in this space, be scared? Tim gives investors what they need to know about the new chip, and its competitive threats.

Fool contributor Tim Beyers has no position in any stocks mentioned. The Motley Fool recommends NVIDIA and owns shares of Qualcomm. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.