Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

We wanted to learn a bit more about Qualcomm's plans for wearables and it turns out that the company believes its…

More...
Qualcomm sampling 20nm Snapdragon 810

Qualcomm sampling 20nm Snapdragon 810

We had a chance to talk to Michelle Leyden-Li, Senior Director of Marketing, QCT at Qualcomm and get an update on…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 09 July 2010 10:12

Nvidia shares still plummeting

Written by


Nearing a 52-week low
Recent volatility in the market has affected all tech stocks, but thanks to compounding concerns and poor analyst ratings, Nvidia has seen a sharp fall over recent months.

Two months ago Nvidia was trading at $16.99, a month ago it was down to $12.10 and now it closed at $10.34. Some 18 months ago, the stock was selling at $7.95, but it recovered to $18.68 in December 2009. Before the onset of the recession, in mid-2007, the stock was trading above the $35 mark.

The recent slump in prices can be attributed to market trends, but it’s worth noting that analysts have been anything but generous when it comes to Nvidia. Several analysts have issued sell alerts on Nvidia over the past few months and although we don’t exactly agree with all of them, they appear to have taken their toll.

In fact, Nvidia appears to be on the road to recovery. It is about to introduce several new products that might boost its core business, such as new mid range and low end GF 104, GF 106 and GF 108 cards. Its mobile graphics business also seems healthy and Tegra appears to be gathering steam. The really big question is when these new products will start to make a positive effect on earnings.

On another note, should its shares continue to dive, they might eventually be used to plug BP’s gusher in the Gulf of Mexico.
Last modified on Friday, 09 July 2010 12:30
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments