Why NVIDIA Stock Climbed While Intel and AMD Dipped Today
Shares of NVIDIA (NASDAQ: NVDA) climbed today while shares of rivals Intel (NASDAQ: INTC) and AMD (NASDAQ: AMD) dipped after NVIDIA unveiled a new CPU that will put competitive pressure on the latter companies in the important market for data center processors. As of 3:15 p.m. EDT, here's where all three semiconductor stocks were trading:
NVIDIA kicked off its annual GPU Technology Conference (GTC) today with a slew of announcements, but the unveiling of a new CPU easily stole the show as the most meaningful new product. The company has long specialized primarily in GPUs instead of CPUs, and NVIDIA's prior efforts to develop CPUs have been lackluster. NVIDIA used to make Tegra processors for mobile devices, and it discontinued the Project Denver CPU core several years ago.
Image source: NVIDIA.
Source Fool.com
