Nvidia (NVDA) Shares Higher on Microsoft’s Plans to Preview New Windows Tablet Software

NVIDIA Corp. (NVDA) shares continue to challenge intraday highs following a Bloomberg report that says Microsoft (MSFT) is planning a preview of its Windows tablet software using an NVIDIA chip.

Redmond, Wa.-based Microsoft, which has planned a demonstration for next week –Windows President Steven Sinofsky is scheduled to present at the All Things D conference, while VP Steve Guggenheimer will address the Computex show in Taipei — will showcase the software’s touch-screen interface running on hardware with an Nvidia Tegra chip, Bloomberg said.

Nvidia’s Tegra microprocessor is based on the ARM Holdings Plc (ARM) technology that dominates the smartphone market. ARM-based chips, whose relative simplicity makes them ideal for low power apps, are also used in the iPad and tablets that run Google’s (GOOG) Android OS.

At last check, NVDA shares were up $0.49 to $18.85, a gain of 2.67% on 11  million volume. Day’s range: $18.31 – $18.90.

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