The American manufacturer recorded lower than expected sales, which led to lower forecasts and a collapse of the company's shares.
We have to bite the bullet on the side of Santa Clara. Monday, January 28th, Nvidia announced revenues in the fourth quarter of 2018 were about $ 2.2 billion, while forecasts were $ 2.7 billion, or a gulf of half a billion dollarsOn the Nasdaq side, Nvidia shares closed at $ 138.01 on Monday, down 13.82%, the lowest since January 4, 2019.
GeForce RTX sales disappoints
Created the number one chips in the world for video cards lower than expected year end salesand acts as a victim of the global economic downturn leading China. “The deteriorating macroeconomic situation, especially in China, has affected consumer demand for Nvidia gaming graphics processors.”confirms Californian company.
Sales of top GPUs are disappointing.and below the forecast with the symbol GeForce RTXwhich uses the latest Nvidia Turing architecture. The company's data center branch was also disrupted. The transactions included in the initial forecasts were not finalized in the last quarter due to the greater caution of their clients.
“The foundation of our business is strong and more obvious than ever: the Nvidia accelerated IT model is the best way to meet the needs of insatiable computers in the worldreassures Jensen Juan, the company's founder and CEO. It is expected that the quarterly Nvidia market will be influenced by $ 120 million, which is directly related to current revenue forecasts and market conditions.