Two Tech Movers: Advanced Micro Devices (NYSE:AMD) & Nuance Communications (NASDAQ:NUAN)

AMD invests in CiiNow

Advanced Micro Devices, Inc.(NYSE:AMD) has invested in cloud gaming company CiiNow. The announcement on Tuesday however did not mention the amount invested.

Cloud based gaming which enables people to stream video games over the Internet, holds great promise. But OnLive, a startup in this space, recently went through a complex bankruptcy alternative. Owing to financial difficulties, it had to reorganize its business to continue operations.

Chip maker AMD has said "The cloud gaming industry, which was once thought of as technologically impossible, is now disrupting the gaming market for both consumers and game publishers." CiiNow’s technology will now work with AMD’s Radeon Graphics to make the most of this opportunity.

Has AMD Found The Bottom? Find Out Here

On Tuesday afternoon, AMD shares went up 27 cents or 7.8 percent and were trading at $3.74. The 52 week high is $8.35 and low is $3.43 around which level the stock continues to languish.

Apple’s iPhone 5 launch not a positive for Nuance?

Shares of Nuance Communications Inc.(NASDAQ:NUAN) moved up on Tuesday ahead of the Apple Inc.(NASDAQ:AAPL)’s iPhone 5 launch scheduled for Wednesday. The speech recognition software maker has also announced that it is introducing a voice assistant app for the Intel based thin notebook PCs, Ultrabooks.

Even last year, Nuance shares had perked up on speculation that the iPhone 4S would use its technology. Although it is believed that the company’s software will power Apple’s voice command system ‘Siri’ in the new iPhone, Nuance will earn only fixed licensing fees and will not profit from the large amount of phone sales.

Wedbush analyst Scott Sutherland has said in his report, "For Nuance, we believe there could be some positive reaction to the iPhone 5 and the next version of Siri." He adds, "However, given Apple only uses Nuance for speech recognition and is likely to take share from more meaningful (Nuance) customers such as Samsung and RIM, we see a negative financial impact."

The Nuance stock hasn’t moved much in the course of the year.