NVIDIA Announces Financial Results for Third Quarter Fiscal 2019

Discussion in 'Frontpage news' started by Hilbert Hagedoorn, Nov 16, 2018.

  1. Hilbert Hagedoorn

    Hilbert Hagedoorn Don Vito Corleone Staff Member

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  2. D3M1G0D

    D3M1G0D Ancient Guru

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    A massive earnings miss for Nvidia. Revenue was $3.18bn vs $3.24bn expected and forecast was $2.7bn vs $3.4bn expected. Stock tanked 17% after hours.

    It seems that Nvidia badly miscalculated the crypto currency boom and overproduced Pascal cards. They are now sitting on an enormous number of mid-range Pascal GPUs which will take a couple of quarters to wind down, impacting their projected earnings to the tune of $700 million (Huang also threw AMD under the bus, tanking their stock as well).

    I guess we see now why Nvidia is in no rush to release a new mid-range GPU.
     
    KissSh0t, Embra and fantaskarsef like this.
  3. scoter man1

    scoter man1 Ancient Guru

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    Serves Ngreedia right.
     
  4. alanm

    alanm Ancient Guru

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  5. jbmcmillan

    jbmcmillan Ancient Guru

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    Title says 2019.
     
  6. D3M1G0D

    D3M1G0D Ancient Guru

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    IMO, investors placed too high a price on the stock. After all, the crypto crash was well known but I think investors simply brushed it off and expected too much from the company (the same goes for AMD). I agree that the short-term outlook isn't as good as it once was, but the long-term outlook is still solid (again, the same goes for AMD ;)).

    Believe it or not, that's not a typo. Nvidia's own site shows it as 2019..
     
  7. Astyanax

    Astyanax Ancient Guru

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    fiscal years don't work the way you guys think.
     
  8. KissSh0t

    KissSh0t Ancient Guru

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    If they were to actually lower prices to reasonable levels those older cards would be snapped up much faster...

    But are they gonna.
     
  9. alanm

    alanm Ancient Guru

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    Well, since theres nothing for them to offer below the RTX 2070 level, I think they would prefer remaining Pascal stocks to carry them through till next major release. Therefore not much incentive for them to lower prices.
     

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