Nvidia sees no slowdown, eyes boom in ultra-small PCs
Nvidia Corp (NVDA) the world's top graphics chip maker, said it sees no signs of a consumer slowdown, and expects sales of powerful, but smaller devices that can display high-definition video and games to drive growth.
The U.S. company said that the most powerful chips designed to display graphics on a computer -- once the preserve of gaming enthusiastics -- are increasingly going into smartphones and other mobile Internet devices. Nvidia announced on Sunday a line of new processors, called 'Tegra', for these compact mobile Internet devices.
"Every application needs visual now. People want to load videos on their iPods and download pictures to create scrapbooks," Rob Csonger, Nvidia vice president of corporate marketing, told Reuters in an interview at Computex, the world's second largest computer show.
With consumers feeling the pinch from the subprime crisis, economic slowdown and rising prices, smaller computing devices that can surf the Internet and play complex, graphics-heavy games, are expected to see strong sales.
Intel (INTC) has said it would not be surprised to see sales of what it calls Netbook PCs such as the Eee PC and others top 50 million by 2011.
"Consumers are now demanding visually rich PCs for their applications without spending more money," said Mike Rayfield, general manager of Nvidia's mobile business. Nvidia said it also sees demand for its high-performance graphics products from aerospace, film, energy, science and healthcare sectors.
For example, researchers can run virus simulations for cancer study on specialized, high-performance computers using Nvidia graphics chips.
Shares in Nvidia rose 5 percent to $24.70 on Friday in New York, outpacing a 0.6 percent gain in the Nasdaq.
Since March 1, the semiconductors ($SOX) are up 19.31 %. The Nasdaq 100 and QQQQ's are each up over 16% and the internets ($IIX) are not far behind at 14.39%.
As pessimissm continues to inhibit investor confidence, the market continues the rally that started in mid-March. It has been a broadly based rally, with The Dow, the S&P and Nasdaq, all showing gains. The S&P and the Dow have posted gains of 5.26% and 3.05% respectively, since March 1st, which are significant advances. But this is a tale of two markets. The major markets have, so far, been piggy-backing on the explosive gains in tech.
Meanwhile, the backbone of most major rallies, the financials, have been lagging, with banks ($BKX) showing a 7.55% drop and brokers ($XBD) sagging 7.44% since the rally started.
Dear Jl,
I continue to grow as a trader here at 123. It is not just following a handful of picks, as so many sites offer that. Your constant education and updates give me the confidence to search out my own set-ups. For those that might be new reading this, it is important for you to understand: The longer you stay, the more JL seems to make sense. This is not because he is saying or doing anything differently. It is because your ears get smarter with every update, your eyes wiser with every pattern lesson.
...and the site just keeps growing and evolving. I am grateful for JL and Hillary and Mac and all those behind the scenes and look forward to Shannon's input.
As primarily an options trader, I have been able to use Jl's picks and the site tools to triple my account in six months, while only placing 20% of my portfolio in play at any given time. That said, when JL throws an option trade out, it is SO EASY TO FOLLOW! My gains have been much stronger with his guidance. I hope the folks at Phillips are paying attention to the response from the membership!
profit are good,
AmandaB
I have to agree with everything Amanda has said and add to it. Joining T123 was one of the best things i could have done for my trading. JL's picks are not just thrown out there and left alone. The explanations behind the picks, analysis etc are the reason that i have decided to stick around and " earn while i learn ". Not one trader here should ever be satisfied where they are , as far as being a trader. Learn from JL, but, the ultimate goal imo , is to find your style.
Also, thank you to the guys and gals in the chatroom who make it a good teaching atmosphere and who are always eager to help other traders . Has to be the best on the net .
Jax
