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1 Green Flag and 1 Red Flag for Nvidia After a Tough Earnings Report

Most know by now that Nvidia (NASDAQ: NVDA) missed its second-quarter earnings estimates, which had already been lowered in a preannouncement, while delivering forward revenue guidance that was nearly $1 billion below analyst estimates. Nvidia is experiencing a sudden collapse in demand for its graphics processing units (GPUs) in its graphics segment, as video game, PC, and cryptocurrency mining demand have ground to a sudden halt. While this is all known at the moment, and Nvidia's 50% plunge from highs reflects some of these concerns, the question for investors is where things go from here. Read More...

Most know by now that Nvidia (NASDAQ: NVDA) missed its second-quarter earnings estimates, which had already been lowered in a preannouncement, while delivering forward revenue guidance that was nearly $1 billion below analyst estimates. Nvidia is experiencing a sudden collapse in demand for its graphics processing units (GPUs) in its graphics segment, as video game, PC, and cryptocurrency mining demand have ground to a sudden halt. While this is all known at the moment, and Nvidia’s 50% plunge from highs reflects some of these concerns, the question for investors is where things go from here.

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