Cool find. I've seen hundreds of these cards... Bulged capacitors are rare, however, Completely popped off cap covers are unheard of. Wonder what popped it off. Highly doubt it was deliberate.
I suspect some kind of power surge of some sort.
Would be cool to run power surge tests to see what happens to a video card under certain conditions.
All kind of things would need to be taken into account:
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Humidity
Location in what city/country
Heat
Was the pc grounded or the third plug(ground) cut off?
Environment clean or dusty or animal/rodent problems?
Was the power to the pc clean or dirty? Spikes can do weird stuff.
It's been over 20 years since I have seen any home have a FLOATING GROUND issue.
Was the PC under constant abuse: example- Was the pc in home setting or factory floor which is waxed once or twice a month?
If at factory were the clients wearing ESD straps and ESD jackets?