NVIDIA may have had the upper hand in the graphics card market for a while now, but when it comes to the stock market, team green’s have certainly seen better days. Today, after the company released a warning that revenue for the last quarter of the year will be down by $500 million versus a previously issued guidance, the company’s stocks plummeted by 14%.
Most tech firms have been struggling lately when it comes to their share-value. AMD is however doing much better thanks to the rejuvenation of their CPU division, courtesy of Ryzen. Their rival in the GPU space, NVIDIA on the other hand has been having a tough time with their stock value falling from an all-time high to a decade low in a span of less than six months.
Things were already pretty bad as it is, but today’s report caused the steepest decline in NVIDIA’s stocks since New Year’s. They fell by a sizeable 14% as the company warned investors of another less than satisfying quarter. The revenue for the fourth quarter is expected to be $2.20 billion, $500 million less than the previous guidance of $2.70 billion. The company is planning to discuss the reported financials on the Feb 14th earnings call.
Meanwhile, NVIDIA has blamed the following factors for this little crap-storm that has been tormenting its stocks:
- Deteriorating macroeconomic conditions, particularly in China, impacted consumer demand for NVIDIA gaming GPUs.
- In Datacenter, revenue also came in short of expectations. A number of deals in the company’s forecast did not close in the last month of the quarter as customers shifted to a more cautious approach.
- In addition, sales of certain high-end GPUs using NVIDIA’s new Turing™ architecture were lower than expected.
So all in all, you could say that the green team’s battered stocks can’t be attributed to just one problem. It’s the result of unreasonable product pricing, combined with bad timing and
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yeah but somehow the 2060s are out of stock lmfao
Yes bro evrye time it’s show out of stock.
Then the company’s stock market will go down.
Nvidia is not able to make graphic cards according to the need.
Yesterday I had a word with Nvidia Customer Support and I asked them if they can give me an estimate date of when RTX 2060 will be in stock again? They refused as expected but he mentioned that they’ve experienced huge demand for the same GPU so it will be in stock soon.
Yes bro evrye time it’s show out of stock.
Then the company’s stock market will go down.
Nvidia is not able to make graphic cards according to the need
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