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NVidia's Stock Falls More
(Click here to view the original thread with full colors/images)
Posted by: TotalRecall
I saw a news post at FiringSquad pointing to an article at Reuters on NVidia's stock:
LOS ANGELES, June 27 (Reuters) - Shares of Nvidia Corp. plunged nearly 16 percent on Thursday to their lowest level in 18 months as concerns about the graphics chipmaker's sales and growth prospects mounted amid increasing competition.
Thursday's drop came after a 5.2 percent decline on Wednesday following a revenue warning from Cirrus Logic Inc. because of a shortfall in production of chips for Microsoft Corp.'s Xbox video game console. Nvidia makes the graphics chip for the Xbox.
According to CNN Money, NVidia's current stock price is $17.14 per share. Read the Reuters article here.
Posted by: Kdr Kane
And this morning there are reports that Vivendi Universal (Blizzard's owner) is under investigation for accounting irregularities.
Their stock fell in Europe (40%) and New York (32%).
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