Sierra Wireless: A Hidden Gem in the Sensor Trend | Summary and Q&A

TL;DR

Sensors are becoming smaller yet more powerful, providing valuable data for various devices and fueling the growth of the Internet of Things. One stock to consider is Sierra Wireless.

Key Insights

• 🛟 Sensors are crucial components in today's technological landscape, serving various purposes.
• 💁 The demand for data is insatiable, and sensors provide this valuable information.
• 🖐️ Connectivity plays a significant role in the proliferation of sensors and the Internet of Things.
• ❓ Companies like InventSense and ST Microelectronics are directly involved in sensor production.
• 🧑‍💻 Tech giants such as Google and Apple consume sensors in their devices.
• 💗 Sierra Wireless is positioned to capitalize on the growing sensor trend with their data movement technology.
• ❓ The Internet of Things is rapidly expanding, with an expected 50 billion connected devices by 2020.

Transcript

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Questions & Answers

Q: What is the significance of sensors getting smaller but more powerful?

Smaller yet more powerful sensors allow for their integration into various devices, providing valuable data that was not previously accessible. This drives innovation and enhances user experience.

Q: What are some companies directly involved in sensor production?

Two notable companies in the sensor space are InventSense and ST Microelectronics. They manufacture microchips used in smartphones, tablets, and gaming devices to gather and report data.

Q: Can sensor technology be indirectly invested in?

Absolutely. Tech giants like Google and Apple consume sensors in their devices. Apple, for instance, designed the M7 chip specifically to handle data from various sensors in their products.

Q: Which stock is recommended to capitalize on the sensor trend?

Sierra Wireless is a prime candidate for investment. They provide chips and data processing technology that enable the seamless movement of data, aligning with the rising Internet of Things trend.

Summary & Key Takeaways

• Sensors are appearing everywhere, thanks to their smaller size and increased power.

• The insatiable thirst for data from users is driving the demand for sensors.

• The connectivity of devices enables the seamless transfer of data, contributing to the importance of sensors.