Dell XPS 15-L502X Hardware/Video card Problem.

I got a new XPS 15 about 2 weeks ago basically for school and right in the middle of my finals Im having this abomination. I was studying and right in the middle the screen began flickering like a TV with bad transmission giving black wavy lines. After that everytime I turn on the laptop no matter what im doing normal usage, rebooting, restoring to factory setting, EVERYTHING the screen turns like that within 5 minutes and the computer becomes unresponsive. Recently the monitor started showing blank screens of every colour in random order in quick succession and then becomes fuzzy. Sometimes after going showing this funny stuff for a couple of minutes it turns off by itself. I cant do anything with my laptop at the moment. I tried restoring it to factory settings but the screen goes haywire when the process reaches less than 5% and it never goes to completion. My computer is in the semi-rebooting state and cant turn on properly. Is this a hardware problem or a driver problem. I doubt its a driver problem. The problem persists independent of whatever I do. Ive tried rebooting from CD and harddrive, run every diagnostic test the dell website suggests to no effect. Ive noticed that normally manual shutdown using the power button takes about 3 seconds, but in the condition im describing it turns off instantly. I have a Nvidia GeForce 525. Any help or advice please ??