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Nvidia Under Pressure?

|Includes: Intel Corporation (INTC), NVDA

Two annoucements, back to back, make me wonder if Nvidia is under pressure to perform:

#1. Intel annoucement at their developer conference, IDF, on their new hybrid graphics solution code named "Sandy Bridge" which you can reach about here.

#2. And the fact that Boxee dropped Nvidia Tegra chip for their box and switched to the Intel Atom-based 4100 chip.

In itself both news are not critical but I wonder if it is a trend that Nvidia has a challenge in doing anything besides GPUs, and even the GPU market is being constantly attacked.

[For the record I hold more shares of NVDA then INTC, and no I am not shorting them]

Disclosure: INTC, NVDA