This is bad news for Nvidia and its shareholders, the recent ATI surge has led to an Nvidia fall. Next Generation reports that:
Having announced that it expects Q2 sales to fall to between $875 million and $975 million from a previously estimated $1.1 billion, Nvidia’s stock dropped $5.54, or 31 percent, to $12.49 at market close on Thursday, reports Bloomberg.Nvidia, which has been forced to trim its chip prices in the face of increased market competition, has seen its shares decline 63 percent this year.
The firm, which will record costs of as much as $200 million because of a defect in some laptop chips, also said it will be less profitable than previously estimated. click here for the full story.
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