Friday, January 7, 2011

Nvidia (Nasdaq:NVDA), ARM (Nasdaq:ARMH), Marvell (Nasdaq:MRVL), JDS Uniphase (Nasdaq:JDSU), Dell (Nasdaq:DELL), Ciena (Nasdaq:CIEN), Microsoft (Nasdaq:MSFT) All Up on CES Boost

The Consumer Electronics Show has given tech stocks like Nvidia (Nasdaq:NVDA), ARM (Nasdaq:ARMH), Marvell (Nasdaq:MRVL), JDS Uniphase (Nasdaq:JDSU), Dell (Nasdaq:DELL), Ciena (Nasdaq:CIEN) and Microsoft (Nasdaq:MSFT) a nice boost, as the overall sector rose on the excitement generated from the show.

As far as some of the substance, one of those creating a lot of buzz was the announcement that Nvidia Corp. would be partnering with ARM Holdings to develop central processors for PCs, a direct challenge to Intel Corp. (Nasdaq:INTC). While it's not a short-term play, it did generate a lot of talk.

One of the huge products of the Christmas season was Microsoft's Kinect, which CEO Steve Ballmer said in a keynote address that the company had sold about 8 million units since November. Ballmer also revealed plans to expand Windows operating system platform reach.

Ciena closed Thursday at $23.99, gaining $1.06, or 4.62 percent. Dell closed at $14.26, up $0.39, or 2.81 percent. JDS Uniphase ended the session at $16.04, increasing $1.01, or 6.72 percent. Marvell closed the day at $19.56, up $1.00, or 5.39 percent. ARM closed at $21.78 down $0.10, or 0.46 percent, plunging after opening high. Nvidia soared to $19.33, gaining $2.35, or 13.84 percent. Microsoft closed at $28.82, up $0.82, or 2.93 percent.

No comments: