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TECH STOCKS: Nvidia, ARM Gains Lead Tech Action

By Rex Crum, MarketWatch SAN FRANCISCO (MarketWatch) -- Tech stocks edged upward Thursday, with Nvidia Corp. and ARM Holdings among the top advancers after the announcement of a new partnership between the chip makers. Nvidia (NVDA) shares rallied more than 8% after the graphics-chip maker said late Wednesday that it will begin developing central processors for PCs based on a design from ARM Holdings PLC (ARMHY). ARM's shares rose more than 5%. The move is seen as a challenge to Intel Corp. (INTC), which has been making inroads into Nvidia's graphics-chip business. Gains also came from Marvell Technology Group Ltd. (MRVL), JDS Uniphase Inc. (JDSUD), Ciena Corp. (CIEND) and NetApp Inc. (NTAP). Microsoft Corp. (MSFT) edged up 3 cents to $28.02. Chief Executive Steve Ballmer said in a keynote speech at the Consumer Electronics Show that Microsoft has sold 8 million of its Xbox Kinect videogame units since November, and he laid out plans to expand the reach of the Windows operating system platform. The Nasdaq Composite Index (RIXF) rose 7.7 points to 2,709, while the Philadelphia Semiconductor Index (SOX) advanced more than 1%. Declines came from MetroPCS Communications Inc. (PCS), which tumbled 7%. The discount wireless-service carrier said its net-subscriber additions fell 6% in the fourth quarter. Shares of Sourcefire Inc. (FIRE) slid 7.5% after the network-security-technology company said it would acquire Immunet for $21 million.

Stock News for Firepond (FIRE)
07/23/201317:20:39TECH STOCKS: Netflix, Cisco Fall; Apple Jumps After Results
07/23/201316:57:32MARKET SNAPSHOT: U.S. Stocks End Mostly Lower; Dow Rises To Record
07/23/201314:58:12MARKET SNAPSHOT: Dow In Position For Record-high Finish
07/23/201314:09:52TECH STOCKS: Netflix, Cisco Fall; Apple Slips Ahead Of Results
07/23/201313:58:35MARKET SNAPSHOT: U.S. Stocks Mixed; Dow Gains On Earnings
07/23/201311:30:37MARKET SNAPSHOT: U.S. Stocks Lose Gains On Richmond Data
07/23/201310:17:38MARKET SNAPSHOT: Stocks Rise On Better-than-expected Earnings
07/23/201308:50:05Cisco Agrees to Buy Sourcefire for $2.7 Billion
05/01/201317:00:46TECH STOCKS: Apple Leads Techs Down; AMD Gets Late Spike
05/01/201314:30:26TECH STOCKS: Apple Leads Techs Down; Facebook, Yelp Slip
04/09/201316:58:11TECH STOCKS: Microsoft, Intel Lead Strong Tech Gains
04/09/201312:38:12TECH STOCKS: Google Rises; Pandora Hits New Milestone
10/29/201214:50:35Correction to 2nd Update on Companies Postponing Earnings Reports
01/06/201116:59:11TECH STOCKS: Tech Stocks Rise As Nvidia Surges
01/06/201111:42:48TECH STOCKS: Nvidia, ARM Gains Lead Tech Action
11/01/201017:48:26TECH STOCKS: Tech Stocks Start Month With Weak Results
11/01/201012:18:52TECH STOCKS: Tech Stocks Show Weakness As Trading Progresses
11/01/201011:26:42TECH STOCKS: Chip Stocks Give Some Lift To Tech Sector
10/27/201018:34:37Sourcefire 3Q Results Soar, But Shares Plunge On Downbeat View

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