Nvidia Corp (NVDA) is trading -8% lower at $173.77 today.
- Nvidia Warns of Sales Shortfall, Gaming Revenue Drops
- Guiding to $6.7 billion in quarterly revenue including a 33% drop in gaming revenue
- Sign of reduced demand for computer chips
Nvidia Corp has been trading between a 52-week high of $346.3 and a 52-week low of $140.55. The stock has a market cap of $434 Billion.
NVIDIA is the pioneer of GPU-accelerated computing. The Company specializes in products and platforms for the large, growing markets of gaming, professional visualization, data center, and automotive. Its creations are loved by the most demanding computer users in the world – gamers, designers, and scientists.
Headlines
Nvidia Warns of Sales Shortfall as Gaming Revenue Drops
The Wall Street Journal 08-08-22
NVIDIA, Tyson Foods, BioNTech And Some Other Big Stocks Moving Lower On Monday
Benzinga 08-08-22
Nvidia''s Gaming Revenue Plunges, Jensen Announces Price Cuts
Tom''s Hardware 08-08-22
#nvidia warns on second-quarter revenue, shares dip
Byte Funding 08-08-22
Nvidia''s Q2 Results Are Out, and They''re Not Good
The Motley Fool 08-08-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:kodaksdad2020 - 18 upvotes -
sourceNancy dumping NVDA at a loss before they choose a random morning to announce earnings miss early. Fucking classic
HwangingAround - 16 upvotes -
source"WHAT HAPPENED TO NVDA!?" they screamed, unaware that search engines exist.
hundohuncho- - 11 upvotes -
sourceAMD and NVDA just fell off a cliff
commieconfidential - 11 upvotes -
sourceRemember: * Wal-mart guides lower and says that people have switched to buying necessities * NVDA pre-releases horrible earnings * Fed hikes rates twice and indicates that more are on the way * Market rips for 2 weeks straight with no pullbacks to test support * Jobs report comes in hot, indicating that CPI may come in hotter than expected Wednesday * Shitcos pumping 30% * 2 & 10 year treasury yields spike Friday This IS bullish. You SHOULD be buying calls. NOTHING bad is going to happen.
trash-trader - 9 upvotes -
sourcePELOSI SELLING NVDA -> HORRIBLE NVDA NEWS SHORTLY AFTER. YOU CANT MAKE THIS SHIT UP LMAO 🤣
BiigIfTrue1492 - 9 upvotes -
sourceNvda. What a complete disaster of a company.
NKisAlive - 9 upvotes -
sourceNancy sold NVDA Friday at 4. Thanks for playin.
mysuruhuduga - 8 upvotes -
sourceAmd > nvda
Dick_Goblair - 8 upvotes -
sourceNVDA to lower guidance 2 weeks out from earnings then beats shit guidance. then it moons thats how this clown car market works these days. peak retard-ism
asdfhjjjkhebejc - 8 upvotes -
sourceNVDA crashing the market speed run any %