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NVIDIA Shares Surge on Acquisition Speculation

NVIDIA shares rose $ 2.32 to $ 30.62 in afternoon Nasdaq trade.
Some 20 million shares changed hands, about double the three-month daily average.
Investors have been speculating that Nvidia might be acquired since July, when
AMD agreed to buy ATI Technologies for $ 5.4 billion. Rumors of such a transaction
resurfaced on Wednesday, spreading quickly across Wall Street trading desks,
according to three options market participants.

“There is speculation that Intel will make an acquisition
announcement tonight,” said Bill Lefkowitz, options strategist at brokerage
firm vFinance Investments in New York. Some observers however said that they
doubt Intel would buy NVIDIA because it’s too expensive. The company has a stock
market capitalization of about $ 10 billion, which means it would demand a far
higher price than what AMD is paying for ATI.

NVIDIA shares rose $ 2.32 to $ 30.62 in afternoon Nasdaq trade.
Some 20 million shares changed hands, about double the three-month daily average.
Investors have been speculating that Nvidia might be acquired since July, when
AMD agreed to buy ATI Technologies for $ 5.4 billion. Rumors of such a transaction
resurfaced on Wednesday, spreading quickly across Wall Street trading desks,
according to three options market participants.

“There is speculation that Intel will make an acquisition
announcement tonight,” said Bill Lefkowitz, options strategist at brokerage
firm vFinance Investments in New York. Some observers however said that they
doubt Intel would buy NVIDIA because it’s too expensive. The company has a stock
market capitalization of about $ 10 billion, which means it would demand a far
higher price than what AMD is paying for ATI.

TeamVR
http://www.vrzone.com
VR-Zone is a leading online technology news publication reporting on bleeding edge trends in PC and mobile gadgets, with in-depth reviews and commentaries.

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