Saturday , October 16 2021

NVIDIA Q3 wins less, Q4 looks down more than 16% – Stock Market News

2018-11-16 09:18

MEconomic Daily reporter wrote in the Gao Kewei instant

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NVIDIA(Hui Da) announced a profit report in the third quarter early in the morning of this day (16).Revenue3.18 billion, an annual growth of 21%, but lower than analysts expected 3.24 billion US dollars As the value of Bitcoin and Etherium declined, the profitability of using GPU mining decreased, which in turn affected the profitability of NVIDIA.

NVIDIA's third-quarter revenues from OEM equipment and intellectual property rights totaled $ 148 million, down 23% from the same period last year. The decline in revenue was due to the disappearance of demand for virtual currency.

In addition, NVIDIA also announced fiscal targets for FY4Q19, revenues ranged from $ 26.5 to $ 2.775 billion, and the quarter fell 2% to 2% in the quarter compared with the previous quarter, lower than the $ 3.4 billion market expectations, reflecting the lack of graphics and – NB.

Taixin Xueliang investments noted that NVIDIA's financial data continue to be affected by continued decline in demand for graphics cards related to mining, which are not as good as expected in terms of revenue and profit. The horizon for the fourth quarter is also conservative looking at the outlook of the OEM business sector, Virtual machine. The situation has passed demand for NB is affected by shortage of processor, and the outlook is not optimistic. After closing, the share price fell more than 16%.

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