The major supplier of semiconductors that power PCs beat earnings estimates and issued strong revenue guidance.
Thursday evening, a rally that CNBC's Jim Cramer said may continue on signs of a rebound in the personal computer business.
The major supplier of semiconductors that power PCs beat earnings estimates and issued strong revenue guidance, sending shares roughly 10% higher on Friday. "They're winning a lot of business and there should be some new product," Cramer said on "Squawk on the Street." "This was a good clean quarter."email newsletter for freeJim described the period ended Sept. 30 as "very positive" for the company, adding that many stocks such asAMD and Intel dominate the market for central processing units, or CPUs, that are the brains of PCs.
Cramer's Charitable Trust does not own Intel, but previously held AMD, which is back in the Investing Club's Bullpen, a list of stocks being watched closely by Cramer and his analyst team. does have a lot of its graphics processing units, or GPUs, in PCs to power video games and other visual-intensive tasks, its overall business is not as reliant on the PC market compared with Intel and AMD.
Nvidia derives most of its revenue from data center chips used by cloud providers and other companies to run artificial intelligence and other tasks that require lots of computing power.
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