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Why is nvda stock down
Why is nvda stock down












why is nvda stock down

This year-on-year upswing was chiefly driven by revenue contribution from the Mellanox acquisition, and strong chip demand from hyperscale and large consumer Internet customers.įrom a sequential perspective, double-digit growth in the data-center compute’s business was more than offset by the expected decline in Mellanox revenues. Revenues from Data Center (38% of revenues) soared 97% year over year and marginally from the previous quarter to $1.9 billion.

why is nvda stock down

Story continues Market Platform Top Line Detailsīased on the market platform, Gaming revenues (50% of revenues) climbed 67% year over year and 10% sequentially to $2.50 billion on higher sales across the company’s notebook and desktop gaming GPUs and game console SOCs. Nevertheless, robust data-center and gaming performances offset these negatives to a large extent. The COVID-19 pandemic negatively impacted the company’s professional visualization and automotive businesses during the reported quarter. The top line also climbed 6%, quarter on quarter. Revenues of $5 billion beat the consensus mark by 3.6% and jumped 61% year over year as well. The reported figure also surged 64% year over year and 7% sequentially. NVIDIA delivered fourth-quarter fiscal 2021 non-GAAP earnings of $3.10 per share, beating the Zacks Consensus Estimate by 10.7%. NVIDIA Q4 Earnings & Revenues Beat Estimates, Up Y/Y Will the recent negative trend continue leading up to its next earnings release, or is Nvidia due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Shares have lost about 5.8% in that time frame, underperforming the S&P 500. It has been about a month since the last earnings report for Nvidia (NVDA).














Why is nvda stock down