NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NYSE: AMD) surging this morning after Intel Corp. (NASDAQ: INTC) has canceled the launch of its own graphics chipset based on its own Larrabee design. The reason cited was because the silicon and software development were said to be behind where Intel was hoping they would be at this point. At 8:39 AM EST we have AMD up 3.5% at $8.14 on 335,000 shares and NVDA is up 11% at $15.85 on 360,000 shares. Intel conversely is down, but less than 1%… shares are down 0.8% at $20.30 and only on 75,000 shares.
JON C. OGG