Dallas, Texas 11/11/2013 (Financialstrend) – NVIDIA Corporation (NASDAQ:NVDA) continues to drive market prices in the graphic chips segment. Nvidia, has a strong position at the markets, post its satisfying performance in the third quarter of the fiscal.
Nvidia despite industry disruption continues to be a top performer in the segment. Graphic chips manufacturing industry, which was once driven by demand for PC is now struggling to make the shift to mobile device-based graphic chips.
Across the industry, most chip-makers are in various stages of introducing newer, advanced and compaction-based chip making technology and perhaps NVIDIAs focus on innovation has helped it retain its leadership position.
The performance of the third quarter was largely boosted by the acquisition of a new computing software vertical. The deal concluded as of July 2013, brought the Portland Group Inc, which is a wholesale major in ‘parallel computing software.’ Portland Group was owned by STMicroelectronics, and has now allowed Nvidia to further strengthen its reach across market segments.
The top ten chip-making companies, in last week’s trading showed strong position closing positively by a minimum of 1% and higher on its previous close. However, NVDA, posting excellent third quarter revenues which delivered way beyond market expectations, rose by over 6.98% closing at $15.56 as of Nov 8, 2013. The only three semiconductor companies that closed in the negative for previous week were Pixelworks, Inc, PXLW closing 2.96% lower than previous. Advanced Micro Dev continued to battle its troubles, closing 0.30% lesser than previous close.
Nvidia’s surge is backed by strong research and development and is the hallmark of the semi-conductor industry standards. This strong presence in innovation, product specialization and constant focus on lowering power consumption on its chips, while always improving productive features has led to its over $9 billion market cap position.
The recent spate of analysts rating Nvidia as leader stock is indeed justified and a pointer that investor need to invest more, allowing the company to offer better range of products.