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HEXUS.sharewatch: NVIDIA goes ballistic on CES announcements

by Scott Bicheno on 10 January 2011, 12:58

Tags: NVIDIA (NASDAQ:NVDA), ARM

Quick Link: HEXUS.net/qa3w6

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On 5 January NVIDIA CEO Jen-Hsun Huang went on stage in Las Vegas to deliver his company's CES announcements. A lot of the stuff was about Tegra 2 - which we already knew - but one came out of the blue. NVIDIA will be collaborating with ARM to design a CPU cores that will run PCs and super-computers.

This, combined with the news that Microsoft has finally decided to support the ARM instruction set with its full Windows OS, and the expected buzz around Tegra 2-powered Honeycomb tablets, has led investors to frenzied buying of NVIDIA stock.

Over the course of the past week, NVIDIA's share price has jumped 29 percent, and that's despite a lot of this news already being priced in.

Other share price winners of CES are probably also benefitting from the news mentioned above. ARM is up, but was a lot higher at the start of trading on the 6th. This is probably due to investors getting their facts straight and realising the Windows move a) won't happen for a while and b) isn't as big a deal as it initially seemed - at least not for the mobile space.

Meanwhile AMD's Fusion announcements seem to have been well received, as has HP's speed in launching products based on the new chips. The biggest loser of the week was Intel, surely due in large part to the developments above.

 

Company Listing Share price 13/12/10 Share price 20/12/10 Share price 3/1/11 Share price 10/1/11 7-day change Market cap (bn)
AMD AMD 8.07 8.10 8.18 8.83 7.9% 6.02
Apple AAPL 320.56 320.61 322.56 336.12 4.2% 308.33
ARM ARMH 18.87 18.43 20.75 22.18 6.9% 9.77
Avnet AVT 32.92 33.00 33.03 32.85 -0.5% 4.99
Cisco CSCO 19.70 19.55 20.23 20.97 3.7% 116.23
Dell DELL 13.89 13.64 13.55 13.98 3.2% 26.99
Google GOOG 592.21 590.80 593.97 616.44 3.8% 197.12
HP HPQ 42.62 41.96 42.10 45.09 7.1% 98.77
IBM IBM 144.82 145.00 146.76 147.93 0.8% 183.78
Ingram Micro IM 18.60 18.63 19.09 19.00 -0.5% 2.98
Intel INTC 21.91 21.46 21.03 20.66 -1.8% 115.24
Microsoft MSFT 27.34 27.90 27.91 28.60 2.5% 244.69
Nokia NOK 9.81 9.93 10.32 10.51 1.8% 39.36
Nvidia NVDA 14.95 14.37 15.40 19.87 29.0% 11.54
Oracle ORCL 29.94 31.46 31.30 31.03 -0.9% 156.78
Qualcomm QCOM 49.48 49.46 49.49 51.73 4.5% 83.68
Tech Data TECD 45.53 42.93 44.02 44.10 0.2% 2.06
Dow .DJI 11410.32 11491.91 11577.51 11674.76 0.8% N/A
FTSE 100 .FTSE 5812.95 5871.75 5899.94 5984.33 1.4% N/A
NASDAQ .IXIC 2637.54 2642.97 2652.87 2703.17 1.9% N/A


HEXUS Forums :: 2 Comments

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I have never bought shares before but I had been thinking about putting 200 into NVIDIA shares. It seems if I had been quick about it I could have made 30% in one week!
Just another form of gambling ;)

However if you know your stuff and do the proper research (or pay a Stockbroker to do it for you) there's no doubt that there's money to be made (or lost!)