Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of microchip designer NVIDIA
So what: In connection with the ongoing Citi technology conference, NVIDIA posted revenue and margin guidance for fiscal year 2013. Analysts were looking for sales in the $4.4 billion range, but the lower end of management's guidance sits at $4.7 billion.
Now what: As CEO Jen-Hsun Huang explained, "The future for computing is visual and mobile, and we are well positioned to lead in this new era." The graphics-chip market is hotly contested by Advanced Micro Devices
Will the good times truly last all the way through 2013? I think it's way too early to tell. That said, NVIDIA shares are cheap nowadays with a PEG ratio well below the balanced 1.0 mark, so buying here is not much of a gamble.