Intel Corporation (NASDAQ:INTC) is reportedly holding talks with the intent of possibly purchasing large chip maker NVIDIA Corporation (NASDAQ:NVDA). Media reports suggest that Jen-Hsun Huang, the CEO of Nvidia, would turn out to be the head of the new merged company.
Both parties have talked in the past for many times, with Intel opening negotiations back in 2006 when competitor AMD made their play to acquire ATI technologies. Nvidia required Huang to run the merged company, even back then, and rejected the bid. Intel also placed a bid to license GeForce graphics cores and integrate them into their recent “Sandy Bridge” Core i-Series but failed to convince Nvidia.[article_detail_ad_1]
Intel’s long-time CEO, Paul Otellini, is set to retire in May 2013, and the company has been seeking a replacement. Jen-Hsun Huang is seen as a successful executive and hold strong experience in the industry, making him an ideal candidate.
Significantly, Intel Corporation (NASDAQ:INTC) latest price of $20.53 is at a discount of 16.39% to its 200-day moving average price of $23.78. Its 52-week range has been $19.23 to $29.27; it is trading at a discount of 28.52% to its 52-week high and a premium of 6.74% to its 52-week low.
Advanced Micro Devices, Inc. (NYSE:AMD) traded down on a volume of 16.56 million, lower than its standard daily volume. Shares have dropped -0.81% to $2.39. Over the last twelve months, the stock has lost -53.85% and faced a worst price of $1.81. The stock has moved up across its 50-day moving average of 2.41%.
Avago Technologies Ltd (NASDAQ:AVGO) was up today after Lazard gave Buy Rating to AVGO. The stock saw its price fall on above-normal volume, as 9.87 million shares changed hands when compared with its average daily volume of 2.55 million shares. The stock was down -7.60% to $31.14. It has gained over the last 12 months, advancing 8.97% and marked new low $27.39 on Dec 19, 2011. At the end of recent trade, the stock has moved down across its SMA 200 of $34.52.
Texas Instruments Incorporated (NASDAQ:TXN) was down today after analysts at Sterne Agee downgraded TXN to “Underperform”. In the last trading session, the stock was up on high volume, trading at a volume of 9.09 million versus its average daily volume of 8.75 million shares. At $30.80, the stock has gained momentum as shares are down -8.34% from a peak price of $34.24 on Mar 27, 2012. The stock is trading at +3.75% of its 20-day moving average and +6.85% of its 50-day moving average.