NVIDIA Shows Off GPU Power

| About: NVIDIA Corporation (NVDA)
This article is now exclusive for PRO subscribers.

Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

New Nvidia Chip Steps Closer to Supercomputing in the PC [New York Times]

Summary: Yesterday, NVIDIA introduced its newest graphics card, the GeForce 8800, which includes the unveiling of CUDA GPU technology featuring 128, 1.35GHz processor cores. NVIDIA is competing with ATI Technologies to develop graphics chips with graphical processing units [GPU] that rival the speed and power of microprocessors. The chips are especially popular among gamers and graphic artists. The GeForce 8800's price tag is $449-$599. It is said the 8800 has the same handling capability as the Cell processor in Sony's PlayStation 3. NVIDIA expects to further close the gap between super-computers with the next-generation 8800 due out sometime next year. ATI and AMD say they could introduce a chip in 2008 that combines conventional microprocessors and graphics processors.
Related links: NVIDIA press releases: World' first real-time virtual celebrity, CUDA GPU technology unveiled, New GeForce 8800 and nForce 680. Commentary: Nvidia Buying Portalplayer; Who Knew Last Week?NVIDIA and PortalPlayer, Not Intel and NVIDIANvidia Threatened by AMD ATI Merger.
Potentially impacted stocks and ETFs: NVIDIA (NASDAQ:NVDA) • Competitors: ATI Technologies, recently acquired by Advanced Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC) • ETFs: streetTRACKS Morgan Stanley Technology (MTK), SPDR Semiconductor (NYSEARCA:XSD), First Trust NASDAQ-100-Tech Index (NASDAQ:QTEC), Rydex S&P 500 Pure Growth (NYSEARCA:RPG)

Seeking Alpha's Wall Street Breakfast summarizes today's key market- and stock-moving news. Receive it by email every weekday morning (free/no spam).

Seeking Alpha is not affiliated with New York Times.