Nvidia's shares plummet in just two days

Losses on the NVIDIA stock market have dragged on for the second consecutive day. Stock prices were strongly affected after the chipmaker published disappointing results in the third quarter of last week, which was not helped by (discredited) rumors of an impending recall of the GeForce RTX. 2080 Ti due to manufacturing defects.

NVIDIA had one of the worst days in its history, with a -19% drop in shares

NVIDIA has suffered one of the worst days in its history, as the company's shares sank like a rock, falling -19%, after failing to meet analyst expectations for both revenue and profit. The bottom line is that crypto-related demand has been the big culprit, NVIDIA is facing increasing inventory and its latest line of Turing graphics cards is not experiencing good traction in the market due to inflated prices compared to the previous generation of Pascal products.

The news that emerged over the weekend, about an alleged recall of the RTX 2080 Ti Founder Edition, threw gasoline on disappointing last quarter numbers. The website (Eteknix) then updated their post to say that the RTX 2080 Ti were simply out of stock and unavailable for viewing on the website due to this.

NVIDIA numbers should improve now with Turing's already completed launch this quarter, although with the prices we're seeing for this new generation RTX, it's hard to determine how much those numbers will improve. Nor can we foresee what will happen tomorrow with the actions of NVIDIA, and if it will once again have a historical fall as before.

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