Published in Graphics

Nvidia stock is up 13.6 Percent

by on19 May 2008

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Getting better


Even though Nvidia didn’t really have any significant problems in 2008, investors decided that its stock price had to go down, but at the end of last week the stock price showed signs of recovery.

Investors are troubled, as they believe that Nvidia is overpriced, as the big mighty Intel has said it wants to make a discrete graphics card; and all of a sudden, the whole investor community believes that it will be an instant success. Well, it won’t, as these things take time.

Nvidia might be troubled by Intel in the years to come and nowadays, they are doing quite well. In the last week, Nvidia’s stock went from $21.48 on Wednesday to a high of $24.40 on Friday.

Tech companies generally did well last week, but Nvidia scored a nice 13.6 percent gain and it did it within three days, which is always something we can commend.  

 

Last modified on 19 May 2008
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