NVIDIA Revenue Fall Short, Q3 Forecast Misses By $1 Billion

    Author Stas SerfesPosted on Format VideoCategories Investing VideosTags , , , , , , , ,

    NVIDIA Corporation (NASDAQ:NVDA) just reported earnings. They did $0.51 versus a $1.25 estimated on revenue of $6.7 billion versus 8.1 billion.

    And we expected that considering we got a warning from them a couple of weeks ago. So this is not a surprise.

    But still, there’s no doubt that they’re struggling right now.

    Their revenue’s up only 3% year-over-year, but their data center revenue is up 61% year-over-year, at about $3.78 billion on the quarter.

    NVIDIA Still Strong Company Despite Current Struggles

    And considering Nvidia’s a very strong company, they’re just going through some turmoil right now.

    They have a strong, competitive advantage.

    They’re a dominant player in the industry. I think they’re going to be fine. And as for the stock, it’s down about 5% right now after the bell.

    And you can see here on the chart, it is breaking under the moving averages on the four-hour chart.

    Let’s see if this continues.

    Let me know your thoughts. Follow along for more.

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    Author Stas Serfes
    About the author: Stas Serfes is a stock market investor/trader who owns Strive Smart LLC, a media company that’s amassed millions of views across multiple platforms. Upon graduating college, he realized he wanted to take the entrepreneurial route and create his own path. In 2017 Stas started his Youtube channel “Stas Serfes” where he began creating content on his experiences in the stock market and what he’s learned. This stemmed from his passion about money, business, stocks, and personal finance.