Nvidia says video gaming market slowing; shares drop 7%
2 years, 7 months ago

Nvidia says video gaming market slowing; shares drop 7%

The Hindu  

Chip designer Nvidia Corp forecast its sales of video game chips would decline in the current quarter, and startled some analysts by laying out new supply-chain issues resulting from China's COVID-19 lockdowns. Chief Executive Jensen Huang told Reuters that Nvidia's gaming business revenue will post a percentage drop in the mid-teens for the current quarter compared with the previous quarter. Chief Financial Officer Colette Kress saidthe $500 million figure included about $400 million lost in gaming sales in China and Russia, and another $100 million lost in data center sales in Russia. "The pullback after hours is an overreaction to geopolitical events outside of the company's control, not a weakening demand environment," said Logan Purk, analyst at Edward Jones, noting the tumble in Nvidia's share price.

China Russia Gaming Nvidia Quarter Revenue Kress  gaming  nvidia  demand  shares  sales  video  quarter  revenue  billion  million  data  market  drop  slowing

History of this topic

Nvidia share price sees biggest single-day fall in four months; slumps over 6% after notching record high
1 day, 18 hours ago

Nvidia share price sees biggest single-day fall in four months; slumps over 6% after notching record high

Live Mint  

Nvidia share price declined more than 6% on Tuesday, marking the biggest single-day fall in four months, a day after shares closed at a record high. The company wants its products to be the heart of a future tech world with a billion humanoid robots, 10 million automated factories, and 1.5 billion self-driving cars and trucks, Bloomberg reported. Additionally, Nvidia …

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
4 weeks, 2 days ago

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

The Hindu  

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. A spokesperson for the company based in Santa Clara, California, said in an emailed statement that Nvidia is “happy to answer any questions regulators may have about our business.” In its most recent earnings release, Nvidia posted …

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
1 month ago

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

Associated Press  

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia’s $6.9 billion acquisition of network and data transmission company Mellanox in 2019. China’s antitrust investigation follows a report this summer by …

Nvidia Says New Chip Remains on Track, Helping Soothe Investors
1 month, 2 weeks ago

Nvidia Says New Chip Remains on Track, Helping Soothe Investors

Live Mint  

-- Nvidia Corp. assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected. Speaking after the release of quarterly results, Chief Executive Officer Jensen Huang said that Nvidia’s highly anticipated Blackwell products will ship this quarter amid …

Nvidia’s coming year will be a turbulent one
Trending News
1 month, 2 weeks ago

Nvidia’s coming year will be a turbulent one

Live Mint  

One problem with being on top is there is often nowhere to go but down. The chip maker’s fiscal third-quarter report Wednesday afternoon showed annual sales crossing the $100 billion mark for the first time ever—more than double what it was generating a year ago. But the stock still slipped about 2% in after-hours trading since the projection beat Wall …

Nvidia Says New Chip Remains on Track After Forecast Disappoints
Trending News
1 month, 2 weeks ago

Nvidia Says New Chip Remains on Track After Forecast Disappoints

Live Mint  

-- Nvidia Corp. assured investors that its new product lineup can maintain the company’s AI-fueled growth run, though the rush to get the chips out the door is proving more costly than expected. Speaking after the release of quarterly results, Chief Executive Officer Jensen Huang said that Nvidia’s highly anticipated Blackwell products will ship this quarter amid “very strong” demand. …

Nvidia is Wall Street’s most valuable company. How it got there, by the numbers
1 month, 2 weeks ago

Nvidia is Wall Street’s most valuable company. How it got there, by the numbers

Associated Press  

Nvidia has once again turned out quarterly results that exceeded Wall Street’s forecasts. $30.8 billion Nvidia’s revenue from its data center business for the quarter ended Oct. 31, up 112% from a year ago. $37.5 billion Nvidia’s estimate for overall revenue in the fourth quarter, “plus or minus 2%.” That translates to a range of $36.8 billion to $38.3 billion, …

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips
1 month, 2 weeks ago

Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips

Associated Press  

LOS ANGELES — Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust. Analysts’ were eyeing Nvidia’s guidance on its Blackwell graphics processor unit, a next-generation artificial intelligence chip that’s seen demand from companies like OpenAI and others building AI data centers. Nvidia has led …

Nvidia's Revenue Forecast Fails to Meet Expectations
1 month, 2 weeks ago

Nvidia's Revenue Forecast Fails to Meet Expectations

Bloomberg  

00:00 Four in video. Analysts were looking for 33 and a quarter billion data center revenue, which is a key part of Nvidia's business here, $30.8 billion. Fourth quarter revenue will be 37 and a half billion dollars plus or -2%. So the stock is down about 5% as it tries to digest this market, tries to digest these headlines …

Nvidia suffers record $279 billion loss in market value as Wall Street drops
4 months ago

Nvidia suffers record $279 billion loss in market value as Wall Street drops

The Hindu  

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology that …

Nvidia share price falls despite strong earnings results
4 months, 1 week ago

Nvidia share price falls despite strong earnings results

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nvidia’s share price has fallen …

Nvidia's forecast dampens AI enthusiasm in other tech stocks
4 months, 1 week ago

Nvidia's forecast dampens AI enthusiasm in other tech stocks

The Hindu  

Nvidia dragged technology heavyweights lower after the chip maker's earnings disappointed investors who had been hoping they would fuel fresh gains in Wall Street's most valuable companies, and sent stocks in Asia down on Thursday. Nasdaq futures initially dropped about 1% following Nvidia's quarterly earnings report late Wednesday, suggesting traders expected tech stocks to lose ground. Nvidia dropped almost 7% …

Wall Street sees mixed results after late-day selling, drop for Nvidia
4 months, 1 week ago

Wall Street sees mixed results after late-day selling, drop for Nvidia

LA Times  

The Standard & Poor’s 500 index ended flat after giving up an earlier gain of nearly 1%. A late-afternoon slide by some Big Tech companies cut into Wall Street’s gains Thursday, leading to a mixed finish for U.S. stock indexes. Although the extent to which Nvidia beat Wall Street’s earnings projections and the company’s forecast for the near future may …

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers
4 months, 1 week ago

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers

Associated Press  

Nvidia has once again turned out quarterly results that easily exceeded Wall Street’s forecast s. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. $26.3 billion Nvidia’s revenue from its data center business for the quarter ended July 31, up 154% from a year ago. $32.5 billion Nvidia’s estimate for overall revenue …

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers
4 months, 1 week ago

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched
4 months, 1 week ago

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched

NPR  

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched The chip company Nvidia is the darling of the AI boom. Microsoft, Google, Facebook, Amazon and others are spending billions of dollars on AI, and they've said they expect to spend billions more, which is why analysts like Matt Bryson are so excited about Nvidia. He's an …

Tech bubble fears grow as Nvidia shares slump
4 months, 1 week ago

Tech bubble fears grow as Nvidia shares slump

The Telegraph  

Nvidia’s stock dropped sharply last night despite the chipmaker more than doubling sales to a record $30bn in a reaction that will fuel fears of a tech bubble. Jensen Huang, founder and chief executive of the company, said on Wednesday night: “Nvidia achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with …

Nvidia reports big earnings, but still falls flat in the eyes of investors
4 months, 1 week ago

Nvidia reports big earnings, but still falls flat in the eyes of investors

NPR  

Nvidia reports big earnings, but still falls flat in the eyes of investors The chip company Nvidia is powering the artificial intelligence boom, and its stock has become the darling of Wall Street. The chip company Nvidia reported blockbuster earnings this afternoon, but that big win fell flat. And if you look at Nvidia sales, it's still kind of a …

Nvidia slumps as tech sell-off deepens
5 months, 1 week ago

Nvidia slumps as tech sell-off deepens

The Telegraph  

Microsoft shares have fallen heavily as the software giant reported disappointing results that deepened investors’ fears about the artificial intelligence boom. Despite the figures being better than forecast, investors took fright at lower-than-expected sales in its cloud computing division, which is seen as the company’s key growth driver. Microsoft’s figures triggered a wider sell-off in after-hours trading with Nvidia falling …

All eyes are on Nvidia’s stock, so what’s been going on?
6 months, 2 weeks ago

All eyes are on Nvidia’s stock, so what’s been going on?

The Hindu  

Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value. Huge demand There’s been nearly insatiable demand for Nvidia’s chips to power artificial intelligence applications and the company has played a big role in the U.S. stock market’s recent record runs even as the economy’s growth slows …

Nvidia share price jumps 7%, bounces back after $430 billion market dip
6 months, 2 weeks ago

Nvidia share price jumps 7%, bounces back after $430 billion market dip

Live Mint  

Nvidia share price rallied nearly 7% on Tuesday, witnessing a technical bounce back after three days of consecutive losses that wiped out $430 billion from the artificial intelligence chipmaker’s market value. Nvidia stock price is up 154% this year and has accounted for nearly 30% of the S&P 500’s year-to-date return as of Monday’s close, according to S&P Dow Jones …

All eyes are on Nvidia’s stock, so what’s been going on?
6 months, 2 weeks ago

All eyes are on Nvidia’s stock, so what’s been going on?

Associated Press  

Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value. There’s been nearly insatiable demand for Nvidia’s chips to power artificial intelligence applications and the company has played a big role in the U.S. stock market’s recent record runs even as the economy’s growth slows under the …

Nvidia sees around £339bn wiped off market value in three-day sell-off
6 months, 2 weeks ago

Nvidia sees around £339bn wiped off market value in three-day sell-off

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy US computer chip maker Nvidia …

At $3.34 Trillion, How Has Nvidia Become the World's Biggest Company?
6 months, 2 weeks ago

At $3.34 Trillion, How Has Nvidia Become the World's Biggest Company?

News 18  

In a historic achievement, Nvidia has surged to become the world’s most valuable company, boasting a market capitalization of $3.34 trillion. With a market value of $3.334 trillion, Nvidia is now worth more than the GDP of all but six of the world’s biggest economies. In 2023, Nvidia’s data centre revenue surged by 35 per cent, accounting for nearly 40 …

Decoding Nvidia's meteoric rise: From gaming GPU maker to world's most valuable company
6 months, 3 weeks ago

Decoding Nvidia's meteoric rise: From gaming GPU maker to world's most valuable company

India Today  

Once known for developing graphics cards for gaming on laptops and PCs, Nvidia has now clinched the title of the world’s most valuable company—a journey that’s nothing short of epic. AI gold rush boosts Nvidia Nvidia’s meteoric rise is a clear indicator of AI’s transformative potential and the company’s stellar run also reflects it on Wall Street. Nvidia rides AI …

Nvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year
6 months, 4 weeks ago

Nvidia 10-for-1 stock split goes into effect after stock price for the chipmaker doubled this year

Associated Press  

Nvidia’s 10-for-1 stock split is in effect, giving investors nine additional shares for every one that they already own. Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500. The meteoric ride allowed Nvidia to briefly surpass Apple last week as the second …

Nvidia’s stock market value topped $3.3 trillion. How it became No. 1 in the S&P 500, by the numbers
7 months ago

Nvidia’s stock market value topped $3.3 trillion. How it became No. 1 in the S&P 500, by the numbers

Associated Press  

Nvidia’s startling ascent in the stock market reached another milestone Tuesday as the chipmaker rose to become the most valuable company in the S&P 500. Here’s a look: $3.334 Trillion Nvidia’s total market value as of the close Tuesday. $113 billion The one-day increase in Nvidia’s market value on Tuesday. $119.9 billion Analysts’ estimate for Nvidia’s revenue for the fiscal …

Jensen Huang says ‘revolution here' as Nvidia ignites $140 billion stock rally. Here's why
7 months, 2 weeks ago

Jensen Huang says ‘revolution here' as Nvidia ignites $140 billion stock rally. Here's why

Hindustan Times  

Nvidia- the chipmaker at the center of an artificial intelligence boom, gained after a bullish sales forecast showed that its AI computing spending remains strong. Nvidia CEO Jensen Huangs speaks at the company's office in Santa Clara, California. Nvidia CEO Jensen Huang said that this is the dawning of a new era as his company's market valuation skyrocketed, topping $2.3 …

Nvidia shares shed 10%, shaving off at least $200 billion
8 months, 2 weeks ago

Nvidia shares shed 10%, shaving off at least $200 billion

The Hindu  

Nvidia shares fell by 10% in the last day, sending shockwaves through the tech sector as the company lost over $200 billion in value. Analysts pointed to pressure on the semiconductor industry, upcoming earnings reports, and a fall in stock prices of Nvidia vendor Super Micro Computer, as possible factors behind Nvidia’s own falling stock value. Apart from Nvidia, a …

Nvidia is ‘printing money’: Now more valuable than Mark Zuckerberg's Meta
10 months, 2 weeks ago

Nvidia is ‘printing money’: Now more valuable than Mark Zuckerberg's Meta

Hindustan Times  

Nvidia surge to an all-time high marks the biggest single-session increase in market value in history. Nvidia Chief Executive Officer Jensen Huang said in the statement, “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations.” Stacy Rasgon an analyst at Sanford C. Bernstein said, “The company is printing money at …

Nvidia’s stock market value rose $273 billion in a day. How it rose to AI prominence, by the numbers
10 months, 2 weeks ago

Nvidia’s stock market value rose $273 billion in a day. How it rose to AI prominence, by the numbers

Associated Press  

Nvidia’s stock price jumped 16% on Thursday, increasing the company’s market value by a staggering $273 billion in just one day, a record amount. Here’s a look: $273 billion The amount Nvidia Corp.’s market value increased on Thursday alone, according to FactSet. In other words, Nvidia’s one-day gain is more than the total market values of market stalwarts Bank of …

Nvidia’s 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence
10 months, 2 weeks ago

Nvidia’s 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence

Associated Press  

SANTA CLARA, Calif. — Nvidia Corp., which has seen its value skyrocket over the past year thanks to soaring demand for its graphics chips used for artificial intelligence, posted stronger-than-expected results Wednesday for its latest quarter, with its revenue more than tripling from a year earlier. “It has a massive lead in the growing global AI chip sector but can’t …

Nvidia joins trillion dollar club on booming AI demand
1 year, 7 months ago

Nvidia joins trillion dollar club on booming AI demand

The Hindu  

Nvidia Corp. on Tuesday became the first chipmaker to hit a trillion-dollar market value, as the company bets on a surge in demand for its AI chips that power chatbot sensation ChatGPT and many other applications. The latest surge in Nvidia's shares that powered the company past the trillion-dollar mark followed its revenue forecast last week that surpassed estimates by …

China’s video game makers come in from the cold as crackdown eases
1 year, 11 months ago

China’s video game makers come in from the cold as crackdown eases

The Hindu  

China's end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Shares of Tencent, the world's largest gaming company, and NetEase rose this week after China's video games regulator granted the first …

Nvidia’s deal setback eased by soaring chip demand
3 years, 1 month ago

Nvidia’s deal setback eased by soaring chip demand

Live Mint  

The exploding growth in semiconductor demand that has helped turn Nvidia Corp. into a chip titan is expected to ease the setback facing the company if it can’t complete its acquisition of Arm Holdings, analysts said. Shares in Nvidia, already the largest American chip company by market value at the time it agreed to buy Arm from SoftBank Group Corp., …

Nvidia sales surge as it struggles to keep gaming chips in stock
3 years, 10 months ago

Nvidia sales surge as it struggles to keep gaming chips in stock

The Hindu  

Nvidia Corp forecast better-than-expected fiscal first-quarter revenue on Wednesday, with its flagship gaming chips expected to remain in tight supply for the next several months. But the Santa Clara, California-based company's gaming chips have also regained popularity for mining cryptocurrency, a trend Nvidia is trying to counter by offering special mining chips in order to free up graphics chip supplies …

Nvidia Posts Record Q2 2020 Revenue at $3.87 Billion Driven by its Data Centre Business
4 years, 4 months ago

Nvidia Posts Record Q2 2020 Revenue at $3.87 Billion Driven by its Data Centre Business

News 18  

Graphics giant Nvidia reported better than expected results for its second fiscal quarter ended July 26 as its revenue reached $3.87 billion, up 50 per cent from $2.58 billion a year earlier. The company said that GAAP earnings per diluted share for the quarter were $0.99, up 10 per cent from $0.90 a year ago, and down 33 percent from …

Discover Related