For those of you predicting it's demise:

Nvidia Shares Soar on Revenue Forecast, New Chip
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LOS ANGELES (Reuters) - Shares in Nvidia Corp. soared more than 20 percent on Friday, a day after the graphics chip designer said it expects revenue to grow sharply in the current quarter and it will introduce its new chip next week.

On Thursday Nvidia reported a smaller profit and lower revenue for its fiscal first quarter but forecast that revenue would grow 12 percent to 18 percent in the current quarter.

It also said it would introduce its new high-end graphics processor, code-named 'NV35,' next week. The chip is expected to allow Nvidia to regain the high-performance crown in the graphics market from ATI Technologies Inc.

Pacific Growth Equities analyst Brian Alger, in a note on Friday, said that between the NV35 chip and the potential for improving results from the Nvidia chip for Microsoft Corp.'s Xbox (news - web sites) video game console, Nvidia's future looked bright.

'We have raised our revenue forecasts considerably but we still consider them conservative,' Alger said. 'Given the potential gains at the high end of the desktop market (NV35) and the upcoming ramp-up in Xbox sales, we would not at all be surprised to raise our estimates again later this year.'

Nvidia shares were up $3.41, or 21 percent, at $19.47 in heavy morning trade on the Nasdaq stock market -- levels not seen since last July.