Nvidia jumps on speedy new chip

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Nvidia said the chip is the first to run at 500 MHz, with memory running at 1 GHz and will be available for sale in February.


Shares in graphics chip make Nvidia jumped in US trading after the company announced the debut of the GeForce FX processor, which it claims brings movie-quality graphics to the PC for the first time.

NVIDIA stocks closed up 20 cents or 1.43 percent to US$14.17 on the Nasdaq following the news, having traded as high as US $14.88.

Merrill Lynch analyst Joe Osha said the chip is noteworthy because it has two and a half to three times the performance of the previous flagship – the GeForce Ti 4600.

"With the NV30 finally here, we believe there is one less risk to owning the stock," Osha said.

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