"Nvidia (NVDA) shares slumped almost 30% in early trade after warning late Wednesday that current-quarter sales won't meet forecasts due to slower global demand. The graphics chipmaker also said its gross margin - a key measure of profitability - won't meet forecasts."
Scary. I especially hate the part about those nice SLI motherboards having defects. Oh well, we all knew already that Intel's chipsets are better than nVidia's. I guess sales of X38/X48 and HD 4850/4870 will go up after this.
yeah nvidia is getting killed in the low end market by ati's new cards and in the high end market no ones buying because the no one wants to put up with the problems of sli or buy a 600 dollar card that barely beats ati's cards.
I agree that is has more to do with the recession and the flaky market right now. Of course having problems with your product line does not help. Just look what it did to AMD. If the market were much stronger I don't think you would see such a huge drop in Nvidia stocks. Just look at what is happening to GM and other large companies.
The price of oil seems to be the only good investment at this time.
.............The price of oil seems to be the only good investment at this time.
UUUHHHHHH? i dont know. Maybe a year ago oil would been a great investment, but it looks like bubble. remember what happened to the dot com and housing bubbles. When this oil buble collapses, it is gonna hurt.
Yeah, nvidia picked the wrong economy to sell $600 cards.
When the Internet bubble collapsed, people moved money into real estate. So we ended up with a housing bubble. When that burst, money moved into commodities, and we have an oil bubble. Sooner or later that will burst too. I wonder where the money will go - tulips, Internet stocks, something totally new, biotech?
UUUHHHHHH? i dont know. Maybe a year ago oil would been a great investment, but it looks like bubble. remember what happened to the dot com and housing bubbles. When this oil buble collapses, it is gonna hurt.
Yeah, nvidia picked the wrong economy to sell $600 cards.
That didn't come out quite the way I intended. Every thing has its limits. Right now oil is king. Not sure if we are going to hit a bubble any time soon with world demand for oil at an all time high and demand going up quicker than supply and then factor in the volatile nature of the middle east and it may just explode right in our faces.
just look at brazil, they are mostly independent of oil....with their sugarcane ethanol... as the prices of oil goes up and up....they live their lives jes like before. good game america.
i wish sometimes our country could use sources of renewable energy like brazil. unlike the failure of corn ethanol. -_- gg.
I can't believe nobody's found a good alternative for oil yet. Everybody knew it was needed since around 1974. What's taking them so long???
I've been an investor in the oil market for over 30 years and I can say that the main problems have been the government, followed by public perceptions that the news media has fostered on the gullible public. At least that applies for why its taking so long. As for alternatives, there are few practical ones. Electric cars and hydrogen powered cars have a load of problems, and airplanes have to have oil based jet fuel. But the government here in the US has been the biggest problem, telling oil/energy companies what they can or, most usually, cannot do, rather than letting the oil/energy companies work freely to develop better and cheaper ways of making energy.
just look at brazil, they are mostly independent of oil....with their sugarcane ethanol... as the prices of oil goes up and up....they live their lives jes like before. good game america.
i wish sometimes our country could use sources of renewable energy like brazil. unlike the failure of corn ethanol. -_- gg.
Brazil has 1/10 the population and 1/50 of cars on the road that the US has. The US can't make enough ethanol to run every car. Dont get me wrong, we need ethanol, but we need hydrogen, bio-diesel, hybrids, electric cars as well.
Honda's Clariy fuel cell hydrogen cars are very nice and i read yesterday that Tesla will be manufacturing an electric 4 door sedan to go along with its 2 seater sports car.
This topic has veered off topic. LOL.
Nvidia's trouble will problably start a serious price war. Although Nvidias margins are not that good. They may not be able to drop the price to much because of the price of the large gpu die.
I started reading this thread and then I was like wow that got off topic but since it did I felt like chiming in.
As for Ethanol there isn't enough land in the US to produce enough corn to go all Ethanol and Brazil isn't the only country that's gotten off oil, Greenland (or Iceland I can't remember which) gets 95% of it's energy from geothermal. The energy problem in the US isn't going to be solved by one alternative alone but as long as big oil is the largest lobby in Washington and the largest contributor to the Republican party change will be slow. Plenty of other countries are using wind, wave, hydro electric, sun and geothermal among other things that a good combination of all these would solve most of our energy problems. The aggravating thing is that the technology exists and is in use but everyone is making so much money that there isn't any incentive to change.
..............The aggravating thing is that the technology exists and is in use but everyone is making so much money that there isn't any incentive to change.
I agree. With these high gas prices, that will change. slowly, but already companies like Tesla are making the first steps. I doubt Tesla will be the answer, but someone has to take the first step.
