look at nvidia stock today

http://finance.google.com/finance?q=NASDAQ:NVDA

Wow that is a huge hit, good thing I didn't invest. (But now maybe I will)

Well it looks like here's what happened:

http://www.networkworld.com/news/2008/070208-nvidia-reports-problem-with-laptop.html

Nvidia reports problem with laptop chips

Nvidia has uncovered a problem with some older graphics chips that shipped in "significant quantities" of laptop PCs, the company said Wednesday.

Nvidia hasn't determined the exact cause of the problem but said it relates to a packaging material used with some of its chips, as well as the thermal design of some laptops. Modern processors generate considerable amounts of heat.

To tackle the problem, the company is releasing a software driver that will cause system fans to start operating sooner and reduce the "thermal stress" on the chips. The driver has been provided to laptop makers directly, said Derek Perez, an Nvidia spokesman.

Nvidia will take a charge against second-quarter earnings of US$150 million to $200 million to cover the expected cost of repairing and replacing the products, which include graphics processing units and media and communications processors. It didn't say specifically which of its products were affected.

The products have been failing in the field at "higher than normal rates," Nvidia said. In a filing with the U.S. Securities and Exchange Commission, it said it was talking to its supply chain about getting reimbursed for some of the costs.

The company also had other bad news on Wednesday. It said it was lowering its revenue forecast for the second quarter due to pricing pressure and delayed product ramps. The company now expects revenue to be between $875 million and $950 million.

Serves them right for screwing sega (convincing the company to go with the quad polygons instead of triangle ones) and then screwing microsoft with pricing. :)

You are wise, a12331.  Investing when a stock is *temporarily* low is the best way to invest.  It would be different if their stock fell because they were having trouble competing in the market, but a one-off glitch is a perfect opportunity to buy low and then sell when they rebound.

There's obviously risk, particularly if they keep making the same mistake, but I doubt Nvidia is going to do that.

The lowered profit forecasts are due to the success of the Radeon HD4xxx series, which is indisputably the most value at every price point. The $299 MSRP HD4870 gives 90% of the performance of a $649 MSRP GTX280.

When the 4870X2 is released soon, AMD will offer the best absolute performance on a card too, again cheaper than the GTX280. Nvidia can't offer anything better due to heat, yield and cost reasons.

I assuming you're talking about the saturn for quads. But I've never heard of nvidia having anything to do with the Saturn...

You might want to think twice about that seeing what Soleron said.

There have been a lot of rumblings about Nvidia not having anything competitive for at least a year. AMD/ATI have this year all to themselves... hopefully ATI's resurgence will help AMD make a come back as well.

What, am I reading it right? The Nvidia stock dropped by 30.73% in one day?

Yes. I bet someone who worked on the original Xbox is laughing maniacally right now.