Stock Alert : Positive turnaround during Q1 2011 - NVIDIA Corporation (NASDAQ:NVDA)

NVDA shares are currently trading at $9.13 which is 9.87% lower than Wednesday’s closing price of $10.13. The company shares have 52 week high of $18.96 and 52 week low of $9.07. The company has 50 day moving average of $11.32 and 200 day moving average of $14.70. The sustenance and resistance levels of the company are $8.32 and $10.76.

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On July 27, 2010, NVDA announced launch of the era of the ‘computational visualization workstation’ for designers, engineers, researchers and animators by introducing its Quadro graphics processing units (GPUs) based on NVIDIA Fermi architecture, and by also introducing the new NVIDIA 3D Vision Pro solution. The new Quadro GPUs deliver performance that is up to five times faster for 3D applications and up to eight times faster for computational simulation, shattering previous benchmarks.

On May 13, 2010, NVDA reported revenue of $1.0 billion for the first quarter of fiscal 2011 ended May 2, 2010, up 2% QoQ and up 51% from $664.2 million reported in Q1 2010. On a GAAP basis, the company recorded net income of $137.6 million for Q1 2011 compared to a net loss of $201.3 million reported during Q1 2010. Gross margin increased to 45.6% during the quarter from 28.6% in the same period a year earlier. Management expects continued strength in Quadro business and Tesla processors over the coming quarters. It also expects revenue to be down seasonally 3 to 5% from the first quarter. GAAP gross margin is expected to increase to 46 to 47%.

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NVDA is a provider of visual computing technologies and the inventor of the GPU. The company’s products are designed to generate graphics on workstations, personal computers, game consoles and mobile devices. NVDA serves the entertainment & consumer market with its GeForce graphics products, the professional design & visualization market with its Quadro graphics products, the computing market with its Tesla computing solutions products, and the mobile computing market with its Tegra system-on-a-chip products. It operates in four major product-line operating segments including the GPU business, the professional solutions business (PSB), the media and communications processor (MCP) business, and the consumer products business (CPB).

The company’s GPU business is comprised primarily of its GeForce products that support desktop and notebook personal computers. Its PSB is comprised of its NVIDIA Quadro professional workstation products and other professional graphics products. MCP Business comprised primarily of its ION mGPU products and the CP business comprises of its Tegra mobile products that support smartphones, smartbooks, tablets, personal media players, Internet television etc.

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