NVIDIA's Stock Prices Continue To Fall

plat

Level 29
Thread author
Top Poster
Sep 13, 2018
1,793
NVIDIA's stock value has been falling precipitously in the last several months. We reported in December that the company lost some 48.8% in value between October and December, moving from an all-time peak of $289.36 on October 1st, to just under $149 on December 14th. At the time, excess inventories were the cause, alongside a less than glamorous reception to their new RTX series of graphics cards. Now? NVIDIA cites "deteriorating macroeconomic conditions, particularly in China" as harming demand for their gaming GPUs. But this now comes alongside a its datacenter business also falling short of expectations - that's two of NVIDIA's most lucrative markets being put towards the red, or at least, with lower than expected income revenues.

This led the company to revise its financial outlook for the year, lowering revenue estimates by $500 million, down to $2.2 billion from its initial $2.7 billion forecast. Gross margins have been lowered by some 7%, which means lowered earnings for investors. Since the December plunge, NVIDIA's stock had recovered up to around $160 per share, but has now dived 14.52%, down to $136.90 - even lower than before. The company has seen its market valuation shrink by more than 50% inside of four months - while the company is still well in the green side of the limbo, so to speak, these certainly don't serve to improve the company's spirit.




-->read the user comments below the article, some are enlightening.
 

Moonhorse

Level 37
Verified
Top Poster
Content Creator
Well-known
May 29, 2018
2,602
which gives you the most for the money?
The card prices are usually fine, whatever you buy. It just depends what are you using them to, like 1080p gaming, and then again asking what games

Just google, do research, look at stock benchmarks etc
 

dash

Level 4
Verified
Well-known
Dec 15, 2018
158
Crypto tanked so nVidia tanked. I imagine AMD/ATi did too.
 

About us

  • MalwareTips is a community-driven platform providing the latest information and resources on malware and cyber threats. Our team of experienced professionals and passionate volunteers work to keep the internet safe and secure. We provide accurate, up-to-date information and strive to build a strong and supportive community dedicated to cybersecurity.

User Menu

Follow us

Follow us on Facebook or Twitter to know first about the latest cybersecurity incidents and malware threats.

Top