Techtree News Staff, Jul 03, 2008 1207 hrs IST
After reporting defective graphics chips, NVIDIA's shares tumbled 25 percent
NVIDIA's stocks tumbled 25 percent on the back of news that some of their graphics chips are defective. The company informed investors that "significant quantities" of previous-generation graphics chips have been failing at "higher than normal rates".
Furthermore, as per their second quarter results, NVIDIA will spend about $200 million US dollars to cover warranty and repair for faulty previous generation GPU and laptop products. The company further reduced its projected revenue, blaming "price adjustments" due to competitive products (read the ATI 4850/4870).
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