APPLE (AAPL) MAY TURN OUT TO BE A BLESSING FOR NVIDIA (NVDA)
We are taking partial profits on our Nvidia (NVDA) short position right here around $20.71. We will also tighten the stop on the rest of our position.
iPad 2 from Apple (AAPL) uses a fast dual core processor with excellent graphics. This processor, although based on Arm Holdings (ARMH) design, is custom designed for Apple.
In the very short term, competitors trying to compete with iPad 2 do not have many choices of equivalent processors other than those from Nvidia. This may turn out to be a short term blessing for Nvidia.
This is a very short term call, in the long run, our negative thesis on Nvidia is intact.… Please click here or the title below to read more.
March 2, 2011