Watch Out Nvidia, Xilinx Is Performing (reports, beats, pops) XLNX; NVDA

Xilinx with their field-programmable gate array approach versus Nvidia's more generalist chips is an example of the type of competition experts were predicting NVDA would be facing, some over two years ago, links after the jump.
In pre-market trade XLNX is up $7.98 (8.91%) at $97.53. The last after-hours print yesterday had the stock up 9.99% so the enthusiasm is a bit less, ah, enthusiastic but enough to grab the attention os some sharp-eyed algos.
Speaking of enthusiastic, IBD seems pretty fired up.

From Investor's Business Daily:
Dow Jones Futures: Xilinx Set To Blast Into Buy Zone As Chip Stocks Soar On Earnings 
7:26 AM ET

Dow Jones futures rose modestly early Thursday, along with S&P 500 futures. Nasdaq futures fared a little better, after chip stocks Xilinx (XLNX), Lam Research (LRCX) and Texas Instruments (TXN) reported earnings late. Top-rated Xilinx stock soared, signaling a breakout, while Lam Research stock and Texas Instruments stock also rose. But those results also lifted other chip stocks, including Intel (INTC), Advanced Micro Devices (AMD), Applied Materials (AMAT) and Nvidia (NVDA) — ahead of Intel earnings Thursday night. That's a good sign for the stock market rally, as semiconductors usually participate in successful uptrends....

...Xilinx Earnings Crush Views; Xilinx Stock Signals Breakout
Xilinx earnings soared 42% in the fiscal third quarter. Revenue leapt 34%, the fourth straight quarter of accelerating growth. The chipmaker also gave upbeat Q4 revenue guidance. Xilinx stock, a member of the IBD 50 and on the Leaderboard watch list, shot up 10% to 98.80 early Thursday. That suggests Xilinx stock will clear a 95.28 cup base buy point at the market open....

...MORE

And from the company:
Xilinx Reports Record Revenues And EPS In Fiscal Third Quarter

Previously on the state of play:
Dec 2018
A Dip Into Chips: "AI Chip Architectures Race To The Edge"
Sept 2018 
Hot Chips 2018 Symposium on High Performance Chips
Sept 2018 
Chips: "A Rogues Gallery of Post-Moore’s Law Options"
May 2018
Chipmakers Battle To Power Artificial Intelligence In Cloud Data Centers" (AMD; NVDA; XLNX; INTC)
May 2018 
"Xilinx Analyst Day Plays Heavy on AI" (XLNX)
May 2018
"Intel vs. Nvidia: Future of AI Chips Still Evolving" (INTC; NVDA)
Dec. 2017
“'The Ultimate Trading Machine' from Penguin Computing sets Record for Low Latency"
Oct. 2017
"The Natural Evolution of Artificial Intelligence"