HomeInvesting VideosNVIDIA Revenue Fall Short, Q3 Forecast Misses By $1 Billion

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

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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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