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 |
| 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 |
