The post-Greek-election rally came a day late! The Dow Jones Industrial Average
Microsoft's tablet, unveiled!
The top gainer in the S&P 500 so far today is none other than semiconductor company NVIDIA
Microsoft's Surface tablet.
That's a gambit not without its risks; stepping on your partners' toes can have unintended consequences. However, it also could drive Microsoft's partners to innovate more themselves. It's pretty incredible that with its first attempt, Microsoft's tablet already looks more impressive than any Windows tablet designs dreamed up by its army of PC manufacturers. If Microsoft's design proves popular and it's closely followed by other PC companies, that's still a win for the company, as it spurs more adoption of Windows computers in general.
As far as NVIDIA, this isn't the company's first rodeo with a Microsoft-designed device. Back in 2010 NVIDIA's first Tegra processor powered a phone from Microsoft named Kin, which turned into a major flop. The phone had limited features and came out well after the introduction of both Android and the iPhone. As Engadget put it at the time, "the idea of choosing this severely limited device which doesn't do a single thing better than even the most basic Android device is kind of crazy."
The difference between Kin and Surface is that Kin used a limited operating system detached from Microsoft's main Windows Phone line and was doomed to fail from the start, while Surface is a central force from Microsoft aimed at making Windows a player in tablets.
The move is also important for NVIDIA because Microsoft so far has been closely allied with Qualcomm as a chip partner in mobile devices. Thus far, Windows Phone has only been available on Qualcomm's Snapdragon processors. With Apple developing its own processor and Google's Android a flop so far on tablets, NVIDIA getting in on a flagship Windows tablet is a pretty nice opportunity for the company.
A government backstop for banks?
Bank of America
Few details are available yet, but it's hard to see how this wouldn't be a positive for the banks themselves.
Take the long-term view
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Eric Bleeker owns shares of NVIDIA. The Motley Fool owns shares of Bank of America, Qualcomm, JPMorgan Chase, Google and Microsoft. Motley Fool newsletter services have recommended buying shares of NVIDIA, Microsoft, and Google. Motley Fool newsletter services have also recommended writing puts on NVIDIA and creating a bull call spread position in Microsoft. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.