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[Hexus] 20% drop in Nvidia Stock

post #1 of 26
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Hexus

Quote:
NVIDIA’s shares have tumbled by over 20 percent in after hours trading after it announced that Q2 revenue was going to fall short of the guidance it provided on 8th May.

On top of that it announced a one-time charge of between $150 million and $200 million from weak die/packaging material used in some previous generation GPU and MCP products. This has led to higher than normal failure rates in notebooks with certain configurations.

The reasons listed for the lower sales forecast of $875 million to $950 million were: “end-market weakness around the world, the delayed ramp of a next generation MCP, and price adjustments of our GPU products to respond to competitive products.” In the previous quarter, revenue was $1.15 billion and its reported that analysts were expecting something in the region of $1.1 billion for Q2.

 
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post #2 of 26
20%? jeez looks like ATI will be able to get a decent foot hold soon.
Price war please
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post #3 of 26
Oh well, everyone is hurting right now. American companies are having a hard time. No biggie, nVidia will come around. They always have.
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post #4 of 26
Comeback for ATI? I'm hoping they can so they could balance out the competition.
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post #5 of 26
Poor green. I do hope they land on their feet.
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post #6 of 26
As long as they land back on their feet after ATI gets a nice part of the market I am all for it. Perfect competition = win for customers.
    
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post #7 of 26
Both companies are taking a dive though- Compare AMD to NVDA and you'll see in a 1-month time scale that they are both on downward slopes.
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post #8 of 26
Quote:
Originally Posted by Burn View Post
Both companies are taking a dive though- Compare AMD to NVDA and you'll see in a 1-month time scale that they are both on downward slopes.
But wouldn't that be more from competition with Intel than from anything graphics related? I mean if ATI was a standalone company, then they would probably be doing a lot better about now.
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post #9 of 26
Dunno- I guess it's difficult to compare now, since AMD competes with Intel as well as nVidia :\\

Edit- Just compared all 3 and all of them are taking a dive.
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post #10 of 26
whoever is losing, i want to win.
if that makes sense..

price wars are AWESOME
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