In Focus: Nvidia
Bleeding Out After a meteoric rise in Nvidia's stock price over the past two years that made millions of dollars for institutional investors, the stock price has been in a free fall. Since hitting $292 per share in early October the stock has lost 50% of it's value and now trades at $145 per share. So what happened? According to Nvidia management, “our near-term results reflect excess channel inventory post the crypto-currency boom..." Source: E-Trade Simply put we (Nvidia) h