“A lot of what Nvidia is seeing is specific to them. “AMD is not preannouncing, Intel didn’t preannounce and Micron said the PC market has looked good,” Mosesmann said, referring to processor makers Advanced Micro Devices Inc and Intel Corp, and memory chip maker Micron Technology Inc. “Market weakness is going to be an issue, but I don’t see any other companies preannouncing their quarters that are on the PC side of things,” said Raymond James & Associates analyst Hans Mosesmann. NVDA is currently trading in the 70-80 percentile range relative to its historical Stock. The Score for NVDA is 71, which is 42 above its historic median score of 50, and infers lower risk than normal. economy leading to results that are worse than expected. The current NVIDIA NVDA share price is 188.93. While Nvidia’s warning, coming on the cusp of the quarterly earnings season, could be seen as a harbinger of further earnings warnings, big technology companies so far have not warned of the weak U.S. Since the stock is closer to the support from accumulated volume at 57.81 (0.07) than the resistance at 58.44 (1.02), our systems sees the trading risk/. It also cited delayed production of a new product and price cuts on some other chips due to a price war. SAN FRANCISCO (Reuters) - Graphics chipmaker Nvidia Corp NVDA.O warned on Wednesday that revenues and gross margin would miss analysts' estimates due in part to weak demand, sending its shares down 25 percent.
0 Comments
Leave a Reply. |