Nvidia Retakes Critical Level As Stock Spikes On Earnings By Scalper1 | February 18, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/A3G5N6SLOCo/Tech_021816_NVDA_FB_AAPL_TSLA_MXL_AVGO_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/A3G5N6SLOCo/Tech_021816_NVDA_FB_AAPL_TSLA_MXL_AVGO_sd.mp4 Loading the player… Shares of Tesla Motors ( TSLA ) partner Nvidia ( NVDA ) are surging in the stock market today after the chipmaker reported estimate-beating quarterly results late Wednesday. Sales jumped 12%, and earnings came in flat. Nvidia’s guidance was also well above forecasts. Aside from making graphics chips for Tesla, Nvidia also makes graphics processing units used in the gaming industry. The company is expected to benefit from the launch of the Facebook ( FB )-owned Oculus Rift virtual reality headset, as well as the influx of VR content. The stock popped 8.6% to 30.04 in big volume, retaking its 50-day moving average just a few sessions after finding support at the critical 200-day line. Shares are now about 11% below their all-time high reached at the end of last year and are facing a potential buy point of 34.04. Meanwhile, chipmaker peer Maxlinear ( MXL ) was also able to retake its 50-day line intraday but fell back below that level, closing 1% lower. Volume was below average. Shares are trading about 16% below a buy point at 17.85. And Apple ( AAPL ) supplier Broadcom ( AVGO ), struggling to hold above its 200-day line, fell 2.8% Thursday. The stock has been consolidating since last June. Apple fell 1.9% Thursday, while Facebook dropped 1.6%. Scalper1 News Scalper1 News Related posts: AT&T, Verizon Reach Stock Buy Points; High-Rated Nvidia Rockets Tesla Stock Continues To Lose Spark, Tumbles To 2-Year Low Apple Retakes Key Level As Stock Tries To Reboot What Facebook’s Oculus, Google See In Virtual Reality’s Future