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Nvidia Aims for Growth Amid Slowdown

Stock quotes in this article: NVDA , AAPL , AMD , INTC  

SAN FRANCISCO -- Nvidia(NVDA Quote) offered investors the first glimpse of a comeback Thursday, even as the chipmaker reported that its profit tumbled 74% in the fiscal third quarter.

With a slew of new products hitting the market, and its chip production now moved to a more cost-efficient process, Nvidia executives said the company was well-positioned for the competitive and economic challenges ahead.

While warning that consumer spending in this holiday season is likely to be weak, Nvidia executives pointed to various initiatives that the company expect to nonetheless deliver growth in 2009. ...

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