Nvidia stock getting slaughtered...

[littlepuppy]

Down from 295 earlier this year..

https://www.thestreet.com/technolog...-stock-continues-to-drop-on-guidance-14786171

Have to laugh...

At least they are paying the price for releasing what I would call overpriced crap.....

IE for what it costs you would expect a LOT more...

Half the price and its fine...

I can only see this getting worse for them... Heart bleeding and all that

 

[littlepuppy]

If you read the results the "car" part of the business is doing well, but the gaming part is still around 60%, I think cars is more like 10%... The gaming section crumbles and the whole company gets ill.. The cars bit stumbles... Its no big deal..

Greed + Laziness = Trouble...

 

[littlepuppy]

"The stock will likely not bounce back right away, given the severity of the miss," Morgan Stanley said.

Or the overpriced and poor delivery of the product Sherlock

 

[littlepuppy]

FTSE 100 is about 10% down from peak to where it is now... Nvidia is down 50% from 295 to 150 ish

Some are getting hit a lot harder than others....

 

[littlepuppy]

Agree... You have to laugh.. Crisis in the board room at Nvidia.. We just realised we cant keep charging 50 - 100% markups year on year based on marginal gains and vaporware... People are asking questions like "whys it twice the price"... What are we supposed to say?!

Tell them it does raytracing!!!!!

Although no game out there supports it at the moment, but don't mention that, they are so stupid these people they will buy it anyway!!!

 

[littlepuppy]

Nvidia is Nasdaq if we are being specific... But even if you look at the bell weathers... Google, FV, Apple, Intel etc etc... Nvidia fall in percentage terms from Peak to trough trumps them.... Its still worth a lot of money and they make a lot of money but they have mis stepped badly here and this is just the start.... You cant just release a different GPU because you cocked up, they will have to try and shovel the sh1te for as long as they can till they can get something out there people will pay 1000 quid a time for... Or they drop the price.... Something that goes against their recent behaviours... They have opened the door here though big style for someone (like Intel) to walk in.....

Intel probably have posters of the 2080 up at HQ saying this is better than any advert we could have thought of to get people to consider a different GPU supplier lol