Apple (AAPL): Stabbed In The Back By Nvidia (NVDA), Will Jobs Short The Shares?

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

Applelogo1It turns out the cowpie of the PC chip world, built and marketed by Nvidia (NVDA), may have ended up in some Apple (AAPL) laptops. That would make the Mac buyers miffed. The semiconductor scrambles video like eggs thereby undermining the Steve Jobs experience.

As an aside, Nvidia had the guts to say that performance of Apple’s PCs had not been compromised by the nasty chip, which appears to be untrue.

According to The Wall Street Journal, "when Nvidia publicly disclosed the problem in July it "assured Apple that Mac computers with these graphics processors were not affected."

At least Nvidia has been hit by class action suits and has set a reserve of $196 million due to the accidental trouble.

The evildoers have been punished. Nvidia’s stock is down 80% so far this year. Jobs is short the shares.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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