Much of the tech sector has seen quite a bit of volatility over past weeks, as the weak euro and the European debt crisis have prompted concerns among analysts and Nvidia is no exception.
Roth Capital analyst Arnab Chanda has downgraded Nvidia to hold from buy on concerns that Nvida is looking at a slowdown. Chanda believes that the European crisis will result in a significant drop in demand. Nvidia's stock shed around 30 percent since the start of 2010 and Chanda doesn't believe that the prices can recover in the short term.
“Near-term business momentum is slowing. We believe that Europe has been weaker than expected, and business trends have been slow,” said Chanda.
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While the recession does play a role in demand dropping.
They have themselves to blame for a slowdown in business. Since software is now designed with consoles in mind, there isnt much of a reason for PC gamers to upgrade as well. 3-4yr old gpus still run most games maxed out(since console tech is older then this). Tell us why should anyone be upgrading CPU's or GPU's?