Poor old NVIDIA
Once more the stock to take the biggest pounding on our list has been NVIDIA's. It ended the week over ten percent down on its Monday closing price and is now at its lowest for over three years. NVIDIA's many current challenges are well documented and it looks like any sign of weakness is being punished in these chaotic times
Having said that AMD, with its stock trading at around a third of its value of a year ago, actually managed a gain of 5.6 percent since Monday. There has been no one single piece of news to explain this, but AMD continues to feel very bullish about its performance in the graphics market so maybe this explains the contrasting fortunes of the two company's shares.
The only other gainer of note was Microsoft. In his speech to the UK channel last week, CEO Steve Ballmer gave the impression that Microsoft wasn't being too affected by the finance sector smelliness and was, if anything, stepping up its levels of R&D and general investment.
It looks like we're in for another crazy week in the world of money and the only thing that's certain is that each day is likely to reveal some new drama. Attempting any other predictions would be foolish but maybe we'll know we're at beginning of the end when we have our first boring week of business news.
| Company | Listing | Share price 19/9/08 | Share price 23/9/08 | Share price 29/9/08 | Share price 6/10/08 | 6-day change | Market cap (bn) |
|---|---|---|---|---|---|---|---|
| AMD | AMD | 5.42 | 4.99 | 4.29 | 4.53 | 5.6% | 2.75 |
| Apple | AAPL | 140.91 | 131.05 | 105.90 | 97.07 | -8.3% | 85.99 |
| Avnet | AVT | 27.28 | 25.71 | 23.90 | 21.74 | -9.0% | 3.27 |
| Dell | DELL | 16.63 | 16.57 | 15.41 | 15.25 | -1.0% | 29.86 |
| GOOG | 449.15 | 430.14 | 390.08 | 386.91 | -0.8% | 121.66 | |
| HP | HPQ | 48.26 | 47.16 | 44.55 | 43.00 | -3.5% | 105.31 |
| IBM | IBM | 118.85 | 116.21 | 114.46 | 103.44 | -9.6% | 140.14 |
| Ingram Micro | IM | 17.37 | 16.62 | 16.20 | 14.88 | -8.1% | 2.47 |
| Intel | INTC | 19.23 | 18.50 | 17.25 | 17.31 | 0.3% | 97.32 |
| Microsoft | MSFT | 25.16 | 25.40 | 25.10 | 26.32 | 4.9% | 240.31 |
| Nvidia | NVDA | 11.41 | 11.17 | 10.08 | 9.03 | -10.4% | 5.03 |
| Tech Data | TECD | 30.70 | 29.67 | 29.34 | 27.72 | -5.5% | 1.40 |
| Yahoo | YHOO | 19.89 | 18.68 | 16.90 | 16.00 | -5.3% | 22.17 |
| Dow | .DJI | 11388.44 | 11015.69 | 10365.45 | 10325.38 | -0.4% | N/A |
| FTSE 100 | .FTSE | 5311.30 | 5170.27 | 4818.77 | 4980.25 | 3.4% | N/A |
| NASDAQ | .IXIC | 2273.90 | 2178.98 | 1983.73 | 1947.39 | -1.8% | N/A |
