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HEXUS.sharewatch: tech sector led by NVIDIA, Intel, Google and Yahoo! out-performs market

by Scott Bicheno on 15 December 2008, 10:22

Tags: Intel (NASDAQ:INTC), Microsoft (NASDAQ:MSFT), NVIDIA (NASDAQ:NVDA), Yahoo! (NASDAQ:YHOO), Google (NASDAQ:GOOG)

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Last week was eventful as we've come to expect for the global economy, such that it will make breathless headlines when we have a quiet one - don't hold your breath.

The Dow held its value and the NASDAQ even managed a gain of two percent in the past week, in spite of the imminent collapse of the US car industry and the now usual sprinkling of ominous economic indicators.

One reason for this resilience could well have been the tech sector, where all but one of our list showed healthy rises last week.

The largest gains were logged by NVIDIA, especially on Tuesday. This coincided with NVIDIA's announcement that it was making its GPGPU platform compatible with more programming languages and rumours that NVIDIA graphics will appear in Intel based netbooks.

Talking of Intel, a good week for its shares could have been catalysed by a raft of technology announcements and predictions from the chip giant. Intel's shares rose by 11 percent and chip rival AMD managed a jump of seven percent.