Nvidia • NASDAQ:NVDA • Stock • NASDAQ NVIDIA – Home (1/40)

List item

NVIDIA

Do you want the latest NVIDIA news? Go to our newsroom at https://nvidianews.nvidia.com/ to keep up to date.

 

 

 

Nvidia tanks 12% after chipmaker cuts guidance, citing ‘deteriorating’ economic conditions in China

  • The warning adds Nvidia to a growing list of U.S. companies facing revenue challenges in China.
  • The company reports earnings on Feb. 14, and now expects quarterly revenue of $2.20 billion, down from previously stated guidance of $2.70 billion.
  • The company also pointed to headwinds in gaming and datacenters.

Nvidia lowers revenue guidance weeks ahead of earnings report

Nvidia lowers revenue guidance weeks ahead of earnings report  

Shares of Nvidia tanked as much as 17 percent in early trading Monday after the company lowered its revenue guidance for the fourth quarter citing “deteriorating macroeconomic conditions, particularly in China.”

The stock pared some losses by mid-morning to trade 12 percent down. A drop that size trims roughly $12 billion off Nvidia’s market cap.

The warning adds Nvidia to a growing list of U.S. companies facing revenue challenges in China. Apple issued a rare revenue warningearlier this month following slowdowns in the Chinese market, and construction machinery company Caterpillar pointed to lower demand in China in its earnings report Monday morning. A flood of tech earnings reports kicks off this week.

Nvidia reports earnings on Feb. 14, and now expects quarterly revenue of $2.20 billion, down from previously stated guidance of $2.70 billion. The company also said quarterly margin will be impacted by charges related to “current market conditions.”

“Q4 was an extraordinary, unusually turbulent, and disappointing quarter,” CEO Jensen Huang said in a statement. “Looking forward, we are confident in our strategies and growth drivers. The foundation of our business is strong and more evident than ever.”

The company also pointed to headwinds in gaming and datacenters. Other chip stocks fell following the announcement. AMD shed more than 7 percent, Micron fell 6 percent, and Broadcom fell 3 percent.

“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,” Nvidia said in a statement.

Here’s the full statement from the chipmaker:

NVIDIA (NASDAQ: NVDA) today updated its financial guidance for the fourth quarter of fiscal year 2019, reflecting weaker than forecasted sales of its Gaming and Datacenter platforms.
In Gaming, NVIDIA’s previous fourth-quarter guidance had embedded a sequential decline due to excess mid-range channel inventory following the crypto-currency boom. The reduction in that inventory and its impact on the business have proceeded largely inline with management’s expectations. However, deteriorating macroeconomic conditions, particularly in China, impacted consumer demand for NVIDIA gaming GPUs. In addition, sales of certain high-end GPUs using NVIDIA’s new Turing™ architecture were lower than expected. These products deliver a revolutionary leap in performance and innovation with real-time ray tracing and AI, but some customers may have delayed their purchase while waiting for lower price points and further demonstrations of RTX technology in actual games.
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. Despite these near-term headwinds, NVIDIA has a large and expanding addressable market opportunity in AI and high performance computing, and the company believes its competitive position is intact.
“Q4 was an extraordinary, unusually turbulent, and disappointing quarter,” said Jensen Huang, founder and CEO of NVIDIA. “Looking forward, we are confident in our strategies and growth drivers.
“The foundation of our business is strong and more evident than ever – the accelerated computing model NVIDIA pioneered is the best path forward to serve the world’s insatiable computing needs. The markets we are creating – gaming, design, HPC, AI and autonomous vehicles – are important, growing and will be very large. We have excellent strategic positions in all of them,” he said.
NVIDIA expects its GAAP and non-GAAP gross margin to be impacted by approximately $120 million in charges for excess DRAM and other components associated with the updated revenue guidance and current market conditions.
The company will provide Q4 fiscal 2019 financial results and Q1 fiscal 2020 guidance on its earnings call scheduled for Feb. 14.

Hits: 456

What do you think?

Written by top40

Hello Again and Thanks for reading it is I David "Top40" Ellenberger with an update on the status of my lawsuit against Alphabet inc case # 4:20-CV-04877-SVK  and the website and life in general. By now if you regularly visit InternetTop40.com you may have read this section "author info" or Bio. So I am adding to it with more bio and more info. I originally liked the idea of voting on the internet 20-25 years ago when I first got online with WebTV (does anyone remember that?). The technology at that time was not advanced enough to easily be able to vote online or watch videos or much else for that matter but I was hooked and look at what we can do now with videos, IOT, and everything else, but I digress. I started InternetTop40.com about 5 years ago and the user base has been going up steadily ever since. I wanted to be another Facebook, with music and voting and that is all coming together slowly but surely. BTW if you want to help or have any interest please feel free to email me anytime.  Now in my previous Author Info or bio page I made it clear or at least I thought I made it clear, I am personally suing Alphabet inc. in Federal Court for Fraud. I have evidence to prove they are not counting all the pageviews, among other things and defrauding myself and probably millions of other website owners and content creators out of Billions of dollars. So if I wasn't clear or you didn't know it's true I am suing Alphabet inc. in Federal Court for Fraud the case was recently moved from my state of Kentucky to N. California to make it easier for Alphabet inc. to steam roll me or so they think. Needless to say if you are interested and I hope you are you can look the case up online under my name "David Russell Ellenberger" or the case # which is 4:20-CV-04877-SVK.

Now, I want to make it clear to you and everyone that I am not suing Alphabet inc. aka Google for fraud just because I want a million dollars for nothing. I am suing Google for fraud because I think they are committing  a serious crime with worldwide and societal ramifications, it is a  very serious problem.  I am suing Google for fraud because to put it simply the analytics numbers don't add up at least not in my favor or yours, there is something very fishy going on with the Google analytics numbers. Of course Google has an excuse for every one of them but I have reasons and the actual numbers and they don't add up, more about the numbers later. Companies like Google are making Billions of dollars a year in profits telling us data is the most valuable thing and misleading us and misdirecting the media and the world every chance they can.  Now data is valuable and they are making billions in profits seemingly like magic but there is no magic to it just corruption and lies. One thing Alphabet inc. aka Google is really making their money from and that is advertising dollars and they are putting all of this advertising on the websites other people have created. Websites that I have created and  websites you have created and websites millions of others around the world have created websites or content. For example Just writing a text is creating content and that's where Google puts the billions in advertising they receive and keeping most of it for themselves. Yes content others have created and yet somehow they are keeping almost all of these billions for themselves and not distributing it equitably to the real workers the true content creators who actually deserve the advertising monies. Google has made it's billions on the backs of you and me. Think about that for a minute, how can they continue to justify this? They Can't, it has to change.

For example if I were to prevail in the current lawsuit just half of the monies or $20 billion put into a basic account and compounded at 5% annually we could realistically employ over 800,000 people at $24,000 a year, indefinitely.  Sounds unbelievable but its true and if we only employed 400,000 people we could pay them $48,000 a year indefinitely. Its all true. Its simply a matter of having the money and the will to do it. Now is 400,000 people a lot well yes it would be more employees than almost any other company in the world and more than half the population of the entire city of Louisville, Ky.

I David Russell Ellenberger through my website InternetTop40.com am suing Google to try to help right a wrong. A wrong committed by Google that has simply gotten out of hand. Most people may think they can't do anything about it. Nothing can stop Google, the politicians don't care they use all of Googles data to further their own campaigns and line their own pockets while the rest of us keep on creating the content for Google, nothing can be done, this however is not the case, we can do something. The politicians and Alphabet inc. aka Google have done nothing to help society at large other than organize it so they can keep more money in secret and pay off all their buddies with their fraudulently obtained money. It's gotten so bad that the politicians and others in control won't even talk about it, they ignore it and hope it goes away, they won't even try to stop google because it is helping them too much and maybe they are scared of Google or who knows what they may be thinking. But it looks like fraud and it's coming to an end.

I'm telling you we can do something and I David Russell Ellenberger an average citizen Content Creator am saying to you, I'm not scared of Google because I have nothing left to loose.  I David Russell Ellenberger am telling you there is something you too can do, if nothing else, tell all your friends to come to InternetTop40.com aka IT40, believe these words and Create your Content. Further I promise to you and all who read this if I do prevail in my lawsuit against Alphabet Inc. I will use half of any monies I may receive to pay "content creators" a living wage. I pledge to anyone who is reading this, I will use half of any monies I may receive to help those who really do want to work on the internet and create content and tell us what they think. I will use half of any money so you can Get Paid, I want you to get paid for the content you create and get paid everyday and Get Paid to Vote create data and to be able to do this work online and from your home or anywhere in the world you care to be. Because in the words of an ancient scholar Y-O-U are the business Y-O-U are creating all the data, Y-O-U are the content creators and Y-O-U are all that matters.

Now the main thing I want you to take away form this and to know, Alphabet inc. is and has been committing fraud against you, me and everyone who uses the internet. I don't think Google started out to defraud the world it has just degenerated into this endless morass of corruption and fraud and no one seems to care, Well I care and I know you care too.  Sadly Google has been doing this with impunity for years and it is only getting worse. Please don't let them fool you with their lies and obfuscation. Do some research create some content build a website and research the analytics numbers you will find I am right. Google owes you, me and everyone online thousands if not 10's of thousands of dollars for all the data and advertising dollars they have co-opted from you and the rest of the world. So join with me don't use any Google products or file your own lawsuit in federal court against Alphabet inc. I will be glad to help you any way I can and show you how to do it if need be. It will take a sincere effort on your part but it will definitely help your self esteem, society and the world.

Now that's about all I have to say on this subject for now.  I will tell you this if you want more information or you have questions or comments for me, my email is [email protected] Thank you for reading looking and listening and believing in InternetTop40.com Please tell all your friends about us and don't forget to vote Thumbs up or down and refresh your page when your done. oh yeah and those funny old men running for president vote on one of them too or not. One last Thing, I need all the help I can get I am only 1 person but together and with todays technology we can move mountains and reframe society and our world the way we want it to be. Thank you ttyl

 

Comments

Leave a Reply
  1. The world wide web writers generally have specialties.
    They have to trust you before they will spend cash with clients.
    These are individuals that will see what you have to offer and the ones that’ll buy your products.

  2. Games of puzzles and riddles – youths at it age like to indulge in games that entail loads of mental effort.
    Solving puzzles and riddles improves their analytical skills and also sharpen their brains.

    On surface of regulating the proeuct and acting as a preventative measure, a solar controller can be set on the top of manny special features.
    One of those is that giing barefoot can behave like a thermometer keeping
    tabs on the health of a solar fan system. Because of the done solely as as having LED lights that shine reed orr green depending on how the equipment is accomplishing work.
    Or thhe solar scr888 can have features that alert the owner to any problems also as track the input and output of the system and
    reset any short circuits in the system.

    Most individuals who decide to get fit are beginners or those that were once in shape andd
    have to have back engrossed. The first thing you’ll want to do is teach
    yourself on what you must do – if it is build muscles, lose weight, flatten your stomach
    or even jyst becomijng more all-around sit. There are workouts aimed at these specific goals – weight loss, toning your muscles, fitness training and body specific exercising.

    Always be humble and polite in all your posts.Be in a practicee of
    saying a generous thanhks a lot whenever someone helps you
    in the forum. This is considered develop a high quality feeling in other members within the forum
    nearer. Thhis moves a goood towards building your connections through forum marketing.

    There’s a prospective drawback getting an abundance of experience:
    arrogance and complacency. When wwe stop seeking and exploring new chances to
    gain fresh experiences, we stunt oour growth and likit our knowledge.
    We should always these types of increase experience; it to
    be able to greater proficiency and intuitiveness, which
    can make you formidable.until you’re up against someone far more oof the device.

    Quick plumbing San Jose is here to clear sich myths with
    iits performance. Although these plumbers in San Jose, CA charge a little extra, their services aare exceptionally well and best for the a chance.

    When you combine a healthful diet with moderate exercise you
    are already well to the way that wikll get into design and style.
    But whdn you suppleement those lifestyle changes with tthe
    Ab Transform Tonjng System, you is capable of doing your
    weight-loss goals even faster.

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

United States, Anthony Davis, Anthony Davis wants to be traded to a championship contender – Woj | Get Up! (1/41)

Russia, FC Zenit Saint Petersburg • FC Rostov • Igor Smolnikov • Russia • NTV Plus Nash Football • Fonbet , «Зенит» — «Спартак»: полный обзор матча на «Зенит-ТВ» (2/9)