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Thursday, December 2, 2010

Nvidia (NASDAQ: NVDA) Crunches Numbers

Nvidia (NASDAQ: NVDA) soared today, rising 1.2% or 17 cents. The stock closed at $14.38 in today's trading session after having been on a tear in the last few months. The stock is up substantially from its 52-week low of $8.65. Nvidia experienced a series of poor quarters in the past prompting investors to sell the stock off at its 52-week high of $18.96. But now investors are piling back into Nvidia as the holiday season comes around. The demand for Mac and PC gifts this December could boost the graph chip maker's earnings as it has market share with both Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) products.

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