Posted on Thursday, April 22 2010 @ 15:58 CEST by Thomas De Maesschalck
Needham and Company analyst Rajvindra Gill
downgraded NVIDIA and expressed concern that yields of the company's Fermi GPU remain poor at around 20-30 percent.
Even though Nvidia Corp. commercially released its GeForce GTX 400-series roughly six months after the first public demonstration and had to disable parts of the chips to ensure higher supply, financial analysts from Needham and Company claim that Nvidia only has about ten thousand of Fermi-series chips on the market at the moment and that the yields of Fermi chips is between 20% and 30%.
“We are downgrading Nvidia to a “hold” and removing our 12-month price target (was $22) after a series of channel checks indicating that Fermi is not ramping well and there could be further product delays. Based on our findings, Nvidia has very limited supply of Fermi desktop/notebook parts and yields remain poor at around 20-30%,” analyst Rajvindra Gill wrote in a note to clients.
