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Nvidia Rises On Intel Rumors
Mary Crane, 10.04.06, 5:27 PM ET
http://www.forbes.com/2006/10/04/nv...ity-cx_mc_1004markets14.html?partner=yahootixNvidia shares soared on Wednesday following rumors of a possible takeover by Intel.
More than 22 million Nvidia (nasdaq: NVDA - news - people ) shares changed hands Wednesday — more than twice the three-month average daily volume — on news reports indicating Intel (nasdaq: INTC - news - people ) might buy the graphics chipmaker.
Since July, when Nvidia rival ATI Technologies (nasdaq: ATYT - news - people ) was acquired by Advanced Micro Devices (nyse: AMD - news - people ) for $5.4 billion, investors have speculated that Nvidia might be acquired by Intel.
Neither Nvidia nor Intel would comment on the market’s speculation.
Friedman Billings Ramsey analyst Chris Caso was bullish on Nvidia stock on Wednesday. In a report to investors, he reiterated his "outperform" rating and raised his price target to $34, predicting near-term gains for the company as it wins market share from ATI Technologies. ATI customers, he said, are uneasy. Since AMD bought the company last July, ATI has not offered a product roadmap, which is taking a toll its shares.
Nao se esqueçam como começou aquela pequena historia AMD talvez compre ATI que se pensou ser impossivel.
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