Shares of gaming chip maker Nvidia (NVDA) were outperforming the semiconductor sector as measured by the PHLX Semiconductor Sector Index, or SOX, after videogame maker Activision Blizzard (ATVI) reported quarterly earnings and guidance that surpassed expectations on Thursday evening.

The company noted the success of "Overwatch" and "Hearthstone" as contributors to its quarterly results. The company sees releasing its newest game "Destiny 2" on Sept. 6 for consoles. Activision said on Thursday pre-orders for "Destiny 2" are currently higher than the pre-orders for Destiny 1.

Price Action 

Shares of Nvidia were up 0.6% to $167.44 while the broader semiconductor market as measured by the SOX was down fractionally in afternoon trading.