Nvidia's stock plummets after news of significant quantities of defective mobile GPUs.

Posted By: Steve McBarnes - 10:56:03 Thu, July 03, 2008

Unfortunatley they are not being specific about the mobile GPUs that have been affected. All they have said so far is that the chips are from the "previous-generation". Nvidia is attempting to fix the problem by providing laptop makers with drivers that make the fans turn on sooner to help prevent overheating and they are preparing some capital for repairs and replacements.

I hope they get more specific about the affected GPUs soon because I am going to be buying a Dell XPS M1330 next month with a mobile 8400 GS inside it.

After watching their stock for about 15 minutes the lowest that it has gone so far is $12.52. It is going up and down because people are selling and then opportunists are buying because the stock is cheap and they feel like the stock will go back up in the future. I am thinking about buying some myself...

4 Comments

Thursday, July 03, 2008 1:21:05 PM

Radiator
Senior Member

Holy crap...

Thursday, July 03, 2008 1:27:06 PM

WhistleHeat
n00b

Yeah, I doubt this will hurt them for very long. The stock will rebound.

Thursday, July 03, 2008 5:37:49 PM

Duesco
Member

Yeah, except every time it goes back up, it'll get shorted into.

They sure seem to be having some issues lately...

Friday, July 04, 2008 1:37:23 AM

Hi, The stocks did not plunge because of the defect, they falled becaused they had to lower their forecast revenue because of competition pressure (AMD 4800 family). They had to slash prices for the GTX200 series by almost $100 in the top end and 30 to the GTX 260 just over one week of their release. Of course they wont admit defeat. the defect just kicked them out when they were already in their knees. Its time For ATI now, the Symbiotic circle must continue.

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