quick Nvidia(nvda) question

uracowman said: "Does anyone know why in the world this stock is trading at 11 with a lowered profits guidance before their next quarterly report? There is no way this should be 11. They basically run a monopoly on the graphics card processor business. I can see why this stock would be trending lower due to the economic slowdown, but trading all the way down to 11 now?"

SKriLLa. said: "They have no where near a video card monopoly. ATI has a minimum of 30% of the market, additionally laptop sales are cutting into the sale of desktop computers, most of which have on board video cards, not made by nvidia. Their larger profits come from higher end cards which I would assume are down in sales due to the slowing economy. I know gaming is normally immune to recessions, but with no big titles being released until December this stock will probably trade slowly with the rest of the tech sector. As a stock, it seems to be a good buy, but I would wait because i can see it going lower before it rises. Buy under 10."

uracowman said: "I thought even the laptop onboard video cards still had nvidia chipsets in it. Correct me if I am wrong but I thought the majority of laptops DID had nvidia processors, including apple."

SKriLLa. said: "I'm unsure about Apple, but I do know that the lower end dell and hp laptops have intel onboard video cards."

SKriLLa. said: "HIMX is the best tech play out there right now. This is such a solid company, and probably the best stock I have owned."