Ok, earnings were great and the outlook is good - so what the heck is up w/ the stock? Technically, it was a nice BO; a bit of strong gap up, but nonetheless good. Foreward P/E prices this sucker in the $53-56 range. This is more a swing trader's question, so sorry for the investment jargon!
================== SwingoutO5 Technically it was a nice BO, lets say whats down with NVDA up; QQQQ however,has had trouble staying above its 50day moving average, again . Also you have longs simply trading stronger stuff; & tek leaders like GOOG simply being sold again.
PS3 delay appears to be affecting nvda's price From http://www.betanews.com/article/Analyst_PS3_Delay_Likely_Cost_at_800/1140473229 "Standing to lose the most, according to Merrill Lynch, is Nvidia, which supplies the graphics chipset for the PS3. While Nvidia says a delay in the launch of the PS3 console would not significantly affect its bottom line, Merrill Lynch disagrees. 'We think the absence of a significant PS3 ramp could hurt NVIDIA's progress towards the corporate gross margin target," the firm said. "We also think there may be a longer term impact if PS3 loses its competitiveness to Xbox360.' Nvidia rival ATI produces the graphics chipset for Microsoft's Xbox 360."