Nvidia stock sets record
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Nvidia’s stock rose to a record after Thomas Weisel Partners boosted its profit estimates for the world’s second-largest producer of computer-graphics chips because of growing demand for personal computers.
Nvidia shares gained $2.82, or 7.7 percent, to $39.54 in Nasdaq trading. That was the highest since its initial public offering in January 1999. “Nvidia is well positioned to grow next year at a rate exceeding that of the overall PC market,” wrote analyst Heidi Poon. She raised her share-price forecast for the Santa Clara-based company by 14 percent to $40.
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