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Marvell Looks to Acquire Cavium

Stocks of both Marvell and Cavium rallied over the weekend as reports emerged of Marvell entering talks to acquire the network equipment SoC giant. Cavium specializes in network infrastructure equipment SoCs, such as the famed ThunderX processor, while Marvell holds IP in networking and storage. There are no details as to the value of the acquisition. Shares of Marvell rose 5 percent, and those of Cavium by a staggering 17 percent, as reports of the deal emerged. Tech stocks could rally big on Monday, if Marvell and Cavium close the deal, and Broadcom inches closer to close its $100 billion bid to acquire Qualcomm.

Source: Investor's Business Daily

Ethereum Mining Wipes Out Radeon Inventory, AMD Stock Rallies

AMD Radeon graphics cards have always been too good at GPGPU for their own good. The new Ethereum block-chain compute network, with the Ethereum crypto-currency, works really really good with AMD Radeon Graphics CoreNext architecture-based GPUs (that's every AMD GPU since Radeon HD 7000 series). As a result, not only have Ethereum prospectors bought out nearly all inventory of AMD Radeon graphics cards from the market, but also forced an inflation of used AMD Radeon graphics cards on online tech-forums, and used-goods stores on eBay and Amazon. Some of these used cards are priced higher than even launch-prices.

Every $1,000 spent on AMD Radeon hardware towards Ethereum mining is recovered within 2 months, and then as long as your hardware lasts and you're paying your power bills, you're swimming in crypto-currency that can be converted to Bitcoin and even US Dollars. One Ethereum (ETH) exchanges to USD $265 at the time of this writing. There's already $330 million worth Ethereum being traded, and that number is only going to grow as people sell USD or BTC to buy ETH and pay for entry into the Ethereum network, and use ETH as a crypto-currency.

AMD's Stock Edges Upwards of $10; NVIDIA's Soars Past the $100 Mark

AMD has definitely been on the upswing in recent times, with CEO Lisa Su having seemingly conducted a frail, collapsing company through the muddiest waters in its history. The general sentiment towards the company seems to now be leaning towards the "bullish" side of the equation, which translated into a cool $10.66 per stock at Friday's closing time (having increased, after hours, towards the $10.80 mark. This is great news for a company which has essentially increased their stock value by a factor of four in the last year alone.

Shares of AMD's rival Nvidia, however, have risen 60% in the past three months and nearly 200% in the past year. NVIDIA's share value closed last Friday at a historic $100.41 (having since declined towards $99.55), over a strong bullish sentiment towards the company, which has recently signed a Warrant Termination Agreement with Goldman Sachs for a $63 million value. This basically shows investors that the company has sufficient cash so as not to allow them to see their share value diluted by the sudden entry in circulation of $63 million of shares, should Goldman Sachs exercise their (now terminated) warrant.

Radeon HD 7970 Price Cuts Not Any Time Soon: Report

A lot of prospective buyers of new generation GPUs were counting on the US $499 launch price of NVIDIA GeForce GTX 680 to result in reactionary price-cuts in the red camp, particularly with the $549 Radeon HD 7970. NVIDIA's GPU is faster, more efficient, and under normal circumstances, should leave AMD with no other option, but to cut prices of HD 7970 to stay competitive. However, that hasn't happened, and according to a HardwareCanucks report, will not happen any time soon.

NVIDIA's GeForce GTX 680 launch wasn't just on paper, there was market-availability on launch-day, although like every other new GPU launch, stocks have been quite limited. Before this launch, AMD and its partners managed to replenish inventories of Radeon HD 7970, making it generally available, while not budging from its ~$549 price. Sources told HardwareCanucks and this situation won't change unless NVIDIA has a more full-fledged lineup of new-generation GPUs against AMD's, or unless the availability of GeForce GTX 680 drastically improves.

Apple On Track for Trillion Dollar Valuation

Today Apple announced its market value to be $500 billion dollars after a massive stock surge Monday. The tech giant’s valuation is now nearly halfway to the 10-figure mark, with speculation Apple will launch iTV later this year driving shares to new record highs. Yet, Apple still has a way to go to become the most valuable company of all time. If Apple shares continue to hit new record levels, its market cap will reach $500 billion when the price reaches $537.

Still, shares will need to rise another $100 above that level to put Apple in contention for the most expensive company ever. According to Standard and Poor’s, ExxonMobil was the most recent company to see a valuation north of $500 billion, back in 2007 when oil prices were at record highs. While Microsoft may not excite investors like it did in Y2K, the software behemoth still holds the record for the most expensive valuation. Its market cap closed out 1999 at just over $600 billion according to Standard and Poor’s, before peaking north of $650 billion during the tech bubble in 2000. The high analyst price target on the street for Apple right now is $700. At that price, its market cap will handily surpass Microsoft’s Y2K record.

Time will tell if Apple will reach the trillion dollar mark.Source: CNBC
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