ATi shares surge on Xbox 2 talk
Smoke and fire: Investors confident of supplier shift.
Following up on last week’s news that the UK development community is confident that ATi will be supplying the graphical grunt in the next Xbox, investors have made clear their feelings, with gains at ATi mirroring losses to nVidia shares.
Indeed, ATI Technologies added 5.8 percent to $8.40, while nVidia dropped 7.8 percent to $23.47, indicating that since last week, more information yet to enter the public domain, has been bandied about the halls of commerce.
What’s more, nVidia seems to be initiating something of an exit strategy for itself, with speakers at last week’s Stearns Investment Conference talking of the Xbox work detracting from the market leader’s core PC graphics card offering.
Michael McConnell, analyst at Pacific Crest spoke of nVidia perhaps courting Sony for partnership on its future gaming products. “That would be a huge coup for nVidia,” he said.
We have contacted all parties concerned and expect more on this tomorrow.
Indeed, ATI Technologies added 5.8 percent to $8.40, while nVidia dropped 7.8 percent to $23.47, indicating that since last week, more information yet to enter the public domain, has been bandied about the halls of commerce.
What’s more, nVidia seems to be initiating something of an exit strategy for itself, with speakers at last week’s Stearns Investment Conference talking of the Xbox work detracting from the market leader’s core PC graphics card offering.
Michael McConnell, analyst at Pacific Crest spoke of nVidia perhaps courting Sony for partnership on its future gaming products. “That would be a huge coup for nVidia,” he said.
We have contacted all parties concerned and expect more on this tomorrow.
Read More Like This