NVIDIA (NASDAQ:NVDA) 2011 Growth to be Driven by Strong Handset Sales

NVIDIA (NASDAQ:NVDA) should get the majority of their growth from handsets in 2011, which is a good thing, as they could get up to 25 percent share of Google (Nasdaq:GOOG) Android handsets, according to Wedbush.

They said that "given the high-end nature of Tegra, we assume 20% 25% share of overall Android handsets and see a $260mn opportunity in 2011."

Wedbush also said NVIDIA should enjoy higher GMS in 2011 because of the strong product mix, including more PSB and TEGRA, and much smaller chipset presence.

NVIDIA Corporation was trading at $20.43, up $0.56, or 2.82 percent, as of 2:28 PM EST. Wedbush increased their price target on them from $10 to $18.