Artifacts
Graphical artifacts are sections of misrendered pixels that stand out significantly when displayed on the computer's monitor. The presence of graphical artifacts is symptomatic of a failing graphics card. Artifacts usually show up as randomly miscolored pixels in a mosaic-like pattern. The presence of artifacts signify that any one of the graphics card subsystems--such as its memory or GPU--has failed.
Misplaced Textures
Graphical textures are the color patterns applied to 3D geometry to give it the look of skin or clothing. The graphics card's texture engine and texture memory are responsible for aligning the texture pictures to the geometry's edges. Missing textures or textures that are applied incorrectly can occur when a graphics card is failing. Misaligned textures severely distort the image rendered onto the computer monitor and are easily seen.
Read more: Signs of a Dying Graphics Card | eHow.com
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