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Nvidia (NASDAQ:NVDA) drops 3.3% AH after warning it expects FQ4 (ends Jan. 29) revenue of $950M,...

Jan. 24, 2012 6:37 PM ETNVIDIA Corporation (NVDA) StockAMD, NVDABy: Eric Jhonsa, SA News Editor

Nvidia (NASDAQ:NVDA) drops 3.3% AH after warning it expects FQ4 (ends Jan. 29) revenue of $950M, plus or minus 1%, below a Street consensus of $1.06B. Nvidia blames the hard drive shortages and price hikes caused by Thai flooding, and a decline in sales for the Tegra 2 (used in many high-end Android tablets). Archrival AMD just reported weak sales for its PC graphics chip business.

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