Nvidia Lowers Price On Upcoming Gaming Console (NVDA)
California tech company Nvidia Corporation (NVDA) made an announcement today that it will be lowering the price for its upcoming gaming console.
The company is perhaps best known for its chips and graphics units provided for a number of devices across the market. The company’s new gaming console will be Android-based and is set to start shipping next week. The console had a previous price tag of $350, which has since been cut to $300 as a response to gamers who wanted the price point to be a bit more competitive.
The company has also stated that it will honor all pre-orders with a $50 credit to match the current price that the console will sell for.
Nvidia shares were down 40 cents, or 2.77% at Thursday’s close. The stock is currently 6.7% off of its 52-week highs.
The Bottom Line
Shares of Nvidia Corporation (NVDA) are currently yielding 2.08% based on Thursday’s closing price of $14.44.
Nvidia Corporation (NVDA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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