Monday, January 24, 2011

Intel (NASDAQ:INTC), NVIDIA (NASDAQ:INTC) Lead Tech Stocks Up

Intel (NASDAQ:INTC) and NVIDIA (NASDAQ:INTC) have boosted the tech sector today, as Intel announced they're going to increase their quarter dividend and buy back stock, while NVIDIA was helped by a strong, positive outlook from Barrons.

Intel raised their quarterly dividend to 18.12 cents a share, while increasing their share buyback amount by $10 billion to $14.2 billion.

Barrons said they see the share price of NVIDIA rising by 80 percent over the next year, causing the share price to soar by over 9 percent.

Intel was only up by a little over 1 percent, but their dividend announcement testified to their positive future outlook of the sector, helping push it up on the day.

Intel was trading at $21.10, gaining $0.28, or 1.34 percent, as of 11:26 AM EST. NVIDIA was trading at $24.43, gaining $2.21, or 9.95 percent, as of 11:27 AM EST.

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