Nvidia Shares Hold Support Level Before Microsoft Windows PC Launch
Nvidia stock closed at a key support level on Friday after a 10 percent decline from its May high. Microsoft plans to unveil the first Windows PC powered by Nvidia chips at two industry events next week.
BenzingaNvidia shares settled at a support level on Friday after dropping 10 percent from their May peak. The decline marks a local correction for the stock.
Microsoft will introduce the first Windows PC using Nvidia chips at the Computex trade show in Taiwan and at its Build conference in San Francisco. The devices will later be offered by other manufacturers including Dell and HP. Nvidia aims to expand in the personal-computer market with these chips.
The company currently competes against processors from Intel and Advanced Micro Devices. The upcoming product announcements follow the recent share-price retreat and will place both Nvidia and Microsoft stocks in focus during the coming week.
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