Forbes Financial: Sell Nvidia Stock, Quickly
Posted by talleyrand on Wednesday, September 4 2002
Nvidia posted the biggest gains in the S&P 500 last year, raising its share price to almost $70. This year due to a drop in PC demand, the flop of the new Imac, insider trading scandals, and a bitter feud with Microsoft have driven Nvidia’s stock price to below $10. With new probes by the SEC, Microsoft unwilling to budge from its lawsuit, and increased competition from ATI, things look bleak for Nvidia this year. Forbes has ranked Nvidia stock as “recommendation, sell”.
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