February 24, 2011

 In a prior post, we forewarned that Apple (AAPL) may push out Nvidia (NVDA) in favor of Advanced Micro Devices (AMD).   Now the news is out. New Mac Books will include  AMD’s ‘œRadeon‘ graphics chips in the 15-inch and 17-inch models, replacing parts previously supplied by Nvidia. 

Now one part of our negative thesis on Nvidia has come true. We will maintain our remaining short position on Nvidia. Yesterday we take partial profits on Nvidia in keeping with the discipline imposed by the ZYX Change Method.