Nvidia shares rocket on Intel takeover rumors
Culver City (CA) - Nvidia shares rocketed up almost 10% in Wednesday’s trading as rumors flew about a possible takeover from Intel. More than 22 million Nvidia shares traded on Wednesday with prices rising about 9.8%. So far this morning, stock prices have dipped about 2% to $30.45 a share.
Nvidia and Intel so far haven’t commented on the rumors which have been published by several analysts and news publications. One analyst, Merril Lynch’s Joe Osha believes a merger woudn’t make sense and wrote, "We think it’s wrong to assume that Nvidia must be a potential target for Intel."
Osha explains that unlike AMD, Intel has a successful integrated graphics product line. In fact, Intel often says that it sells a majority of the graphics processors on the market.
Rumors about the takeover have been simmering ever since Intel’s rival, AMD, bought ATI for $5.4 billion back in July.
- MySpace acquisition a $20 billion fraud?
- Desperate Housewives game released
- Microsoft reduces feature set in pirated copies of Vista
- Tight supply of low-end CPUs delivers uncertainty for Q4
- Will 17" give way to 19" widescreen LCD monitor panels?
- Mobile display shipments to hit 1.2 billion units in 2006
- Notebook panel prices unlikely to rise further, notebook makers say
- AMD validates 65nm CPU production at Chartered
- Asustek 3G strategy: Intel out, EMP in
- Schwarzenegger terminates RFID bill
- Google extends searches to code, pie, mash
- Linux not ready for mobile phones, Nokia exec says
- Sony denies PS3 technical problems
- Single-pixel camera could simplify imaging
- Microsoft to release eleven security updates next Tuesday
- AT&T drops yearly contract for DSL subscribers
- World of Warcraft for Linux, thanks to CodeWeavers CrossOver Linux
- Foley scandal provides plenty of material for humor on the Internet
