Nvidia looks very interesting at these levels. From a technical perspective, the 150 moving average is certainly smoothing out and the 10, 20, 50 & 100 day moving average is already crossing the 150 day. Looking for a bounce off the $9.40 support level around the 200 day moving average for entrance. Nvidia is considered a true long term investment by now.
Fundamentally
The chip sector has been suffering tremendously in this recession. Revenue was down to $664.2 million in Q1 2009 compared to the same quarter last year which was $1.2 billion. Loss were recorded at $201.1 million which was a significant improvement compared to Q4 2008.
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