Nvidia (NVDA.US) and Intel (INTC.US) shares jumped over 8.0% and 5.0% respectively— after Bloomberg reported that Nvidia is exploring using Intel for manufacturing its chips. Intel is a direct competitor with Nvidia on both the CPU and GPU fronts, but CEO Huang explained that Intel and AMD have known Nvidia's secret roadmaps for years, so he isn't paranoid about sharing more information. Meanwhile, Intel CEO Pat Gelsinger during yesterday's senate hearing asked US government officials to support legislation to assist semiconductor production.
Nvidia (NVDA.US) stock rose sharply on Thursday and buyers managed to break above the upper limit of the 1:1 structure. Should current sentiment prevail,the next target for bulls is resistance at $293.00 which coincides with 61.8% Fibonacci retracement of the last downward correction. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
