Nvidia Shareholders: Thanks, Apple

NVIDIA Corporation (NASDAQ:NVDA) shares are rallying strongly after Longbow’s JoAnne Feeney provides “independent confirmation” of SemiAccurate’s report stating Nvidia’s graphics chips will be in Apple’s (NASDAQ:AAPL) next-gen MacBooks. Currently, the estimates for 2012 revenue from the deal are $40,000,000. Strangely, AMD (NYSE:AMD) shares also traded well despite losing the business to Nvidia.

Here’s how these stocks are trading on the news:

  • NVIDIA Corporation (NASDAQ:NVDA): NVDA shares recently traded at $14.63, up $0.7, or 5.03%. Its market capitalization is $8.88 billion. They have traded in a 52-week range of $8.65 to $26.17. Volume today was 33,224,628 shares versus a 3-month average volume of 26,498,000 shares. The company’s trailing P/E is 14.18, while trailing earnings are $1.03 per share. About the company: NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company’s products provide interactive 3D graphics to the mainstream personal computer market. Get the most recent company news and stock data here >>
  • Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $369.01, down $5.93, or 1.58%. Its market capitalization is $342.96 billion. They have traded in a 52-week range of $305.87 to $426.70. Volume today was 15,962,486 shares versus a 3-month average volume of 20,257,200 shares. The company’s trailing P/E is 13.33, while trailing earnings are $27.68 per share. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Get the most recent company news and stock data here >>
  • Advanced Micro Devices, Inc. (NYSE:AMD): AMD shares recently traded at $5.42, down $0.05, or 0.91%. Its market capitalization is $3.78 billion. They have traded in a 52-week range of $4.31 to $9.58. Volume today was 15,295,511 shares versus a 3-month average volume of 23,335,400 shares. The company’s trailing P/E is 3.85, while trailing earnings are $1.41 per share. About the company: Advanced Micro Devices, Inc. manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, Inc. offers its products on a global basis. Get the most recent company news and stock data here >>

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