Forbes.com: Betting On Wi-Fi: "How can investors profit from the Wi-Fi trend? One fairly safe option is Intel (nasdaq: INTC - news - people ). Intel made a $300 million bet in marketing costs alone, on building wireless Internet capabilities into its Centrino chip platform. The firm's Centrino-based products for notebook computers fueled a year-over-year doubling of mobile chip sales in its most recent quarter. Centrino-based chips are expected to account for more than half of mobile semiconductors that Intel ships in the current quarter.

Intel is now betting that integrating Wi-Fi capability into a forthcoming chipset for desktops--which gives them the ability to act as Wi-Fi hotspots--will do the same for the desktop PC business. Shares of Intel trade near their 52-week high and for 29 times estimated 2004 profits. "