NVIDIA up 7% After Microsoft Tablet Announcment

NVIDIA Corporation

is trading higher on the session following Microsoft's

tablet announcement. NVIDIA's chips will be in the device. NVIDIA Corporation (NVIDIA) is engaged in creating the graphics chips used in personal computers. The company's stock is down 4% year-to-date and crossed above the 50-day MA today. The shares of NVIDIA are currently trading at $13.24, up $0.84 or 6.77% intraday.