2 Tech Giants Are Teaming Up for The Internet of Things
Like Leonardo DiCaprio and Kate Winslet, Paul McCartney and John Lennon, or peanut butter and chocolate, collaborations between great entities can result in blockbuster results. So you can imagine my heart was aflutter when I heard two of my favorite tech companies, Amazon (NASDAQ: AMZN) and Texas Instruments (NASDAQ: TXN), were collaborating on an integrated offering for the Internet of Things.
The Internet of Things is really the ability of devices to talk to each other or a central hub over a network, and the possibilities of this technology are big: It's estimated that there will be $7.1 trillion worth of connected devices in the world by 2020. These devices will open up whole new business models and abilities for corporations to gather, analyze, and react to data in ways they never could before.
Perhaps this explains why these two IoT participants have had such incredible runs this year:
Source: Fool.com
Texas Instruments Inc. Stock
Currently there is a rather positive sentiment for Texas Instruments Inc. with 25 Buy predictions and 8 Sell predictions.
On the other hand, the target price of 191 € is below the current price of 193.84 € for Texas Instruments Inc., so the potential is actually -1.47%.
