20 crossed the 50 (orange over green) and is above all moving averages. Buy here and support is at 14. Stop-loss below that
“Nvidia Corp. (NVDA) posted strong second-quarter results and third-quarter revenue guidance as the chip maker benefits from its new graphics processor and its push into the mobile market”.
This company is still solid earning over a billion in revenue last quarter. Understandable seeing that I am addicted to my PS3. NVIDIA does the computer graphic’s cards for video games, pc’s, and tablets. Even though it had higher r&d costs that ate into the bottom line, this could turn into a positive development as nvda is now seeking to enter the smart phone industry. Along with their established market share in the tablet and video game’s games space, NVIDIA could become a bigger player in the semi-conductor industry. The chart below tells the truth.
