NVIDIA Revises Financial Outlook for 2019 by $500 million, Immediately Hit Back by the Stock Market

[notb]

Where they go? Don't they know, "The more you buy, the more you save!!!"

General slowdown of the whole market, but China in particular. Many IT stocks went down lately (and not just IT).
AMD dropped 8% yesterday for the same reason (and that's even before they give their fundamentals). And remember China was expected to be AMD's great saviour - e.g. with orders from Baidu. It will be interesting to see what happens to the x86 joint venture.

China's GDP growth rate:

 

[trparky]

Do you actually know what IBM is selling these days?
And I wouldn't call Nvidia a "one trick pony" for sure.

Comparatively speaking. IBM has their hands in a hell of a lot of stuff these days, far more than nVidia. Hence my original statement that IBM makes nVidia look like a one-trick pony.

 

[medi01]

So, 18% less than originally estimated.
Still 30% too much.

 

[notb]

Comparatively speaking. IBM has their hands in a hell of a lot of stuff these days, far more than nVidia. Hence my original statement that IBM makes nVidia look like a one-trick pony.

But the initial argument was about being a company with a diversified portfolio, which IBM is not.
Yes, they do a lot of things, but you have to remember that:
a) they often often sell them bundled (e.g. servers with OS, database software and services),
b) they sell to enterprises.

By comparison, Nvidia may only make chips, but they sell it to everyone: gamers, notebooks buyers, datacenters, scientific institutions, car makers and so on.
And yeah... Nvidia is practically a monopolist (especially in computation), which does help as well. IBM is not that important anymore - they're not making anything unique or essential.

 

[trparky]

IBM is not that important anymore - they're not making anything unique or essential.

I don't know about that. You yourself even admitted that IBM sells a lot of services.

they often often sell them bundled (e.g. servers with OS, database software and services),

Two words... cloud computing. Not only for computation capabilities but storage as well. I expect cloud storage to really take off and IBM and others like them are poised to make ready-made cloud storage solutions possible.

 

[Space Lynx]

$298 to $131, never seen a fall that steep in such a short amount of time for any company. Greed and envy blinded them, thinking they could raise prices non-stop year over year, hehehe

I don't know about that. You yourself even admitted that IBM sells a lot of services.

Two words... cloud computing. Not only for computation capabilities but storage as well. I expect cloud storage to really take off and IBM and others like them are poised to make ready-made cloud storage solutions possible.

google and microsoft already beat IBM to the punch imo, Google's gaming cloud computing for example is actually not that bad at all and its still considered to be beta

 

[Deleted member 177333]

Ya just saw Nvidia down another ~5% today. I'll continue to enjoy watching them hemorrhage cash via the stock market.

 

[Xzibit]

Ouch!!

Analysts at Morgan Stanley and Needam downgraded the stock. Another analyst at Bank of America Merrill Lynch removed it from its list of best ideas.

Looks like someones not convinced

“Missing the quarter this badly in gaming indicates more significant challenges than we had anticipated, given that this is still a channel fill quarter for midrange/high end,”

 

[Totally]

+1

I'm surprised they haven't started to adjust pricing on Turing, yet.

That would be them admitting that they're wrong, if they are going to do a price drop their going to sneak it with a refresh and pretend that they're doing customers a solid.

 

[EarthDog]

Lose*

lol...this video is garbage and adds nothing to the stale conversation of why these failed. He literally brought nothing new to the table...

...except the fact that the dude, somehow, doesnt know that gpuz reads the memory type. That speaks volumes of the bbn knowledge base he has.

Stop propagating this vid... OFN at best...clickbait at worst.

 

[Deleted member 177333]

That would be them admitting that they're wrong, if they are going to do a price drop their going to sneak it with a refresh and pretend that they're doing customers a solid.

Hah you're probably right.

 

[Anymal]

It's a fair point, although with Raja and the "poor Volta" marketing team at Intel it's hard to say what will happen. I guess the bonus for them is they now have a decent R&D budget to play with.

Nvidia has far more long term intergrated team. If you give to Koduri 200 billions and ask him to gather his team and deliver gpu with 2080ti performance, how long would it take?

 

[ArbitraryAffection]

20 series pricing is just ridiculous. I'm glad they're not selling as well.

Ngreedia.

 

[eidairaman1]

ngreedia arrogance

 

[Fluffmeister]

Nvidia has far more long term intergrated team. If you give to Koduri 200 billions and ask him to gather his team and deliver gpu with 2080ti performance, how long would it take?

It's a valid question, as it stands it looks like Vega @ 7nm might finally compete with the EOL 1080 Ti, although with still worse perf per watt.... sad.

 

[Space Lynx]

It's a valid question, as it stands it looks like Vega @ 7nm might finally compete with the EOL 1080 Ti, although with still worse perf per watt.... sad.

navi @ 7nm late summer or fall will be a different story.

 

[notb]

Ya just saw Nvidia down another ~5% today. I'll continue to enjoy watching them hemorrhage cash via the stock market.

You know that stock value is not how much money a company has, right?

navi @ 7nm late summer or fall will be a different story.

With one of the probable "different stories" being: no PC version of Navi at all.

I mean: with mining off the table and prices lower than Nvidia's, are they still making money in the PC GPU segment? Is it worth the fuss?

 

[mtcn77]

You know this goes further than that, quoting the CEO, Nvidia's past business model was making the best chip out of their contemporaries and cannibalizing its performance at the earliest, in the next product launch cycle. This time around, since they had so much of the last generation stuff stocked, they broke that model and that is what bit them so hard.

 

[Anymal]

Its all part of a longterm plan. They are 2 years ahead. Who the hell sold ATi to AMD, bastards.

 

[bug]

navi @ 7nm late summer or fall will be a different story.

I've heard the same thing about Vega. And Polaris before that. And before that, the same story was upon us with each Bulldozer iteration.
I still wish (and need) AMD to be competitive, but it's been years since I've been in "I'll believe it when I see it" mode.

 

[Space Lynx]

I am hoping Zen 2, 3700x impresses this summer.

 

[Fourstaff]

They are still almost 5x their 2016 price, whoever bought NVDA then will still be laughing to the bank.

 

[Anymal]

High hopes on the road to next recession.

 

[Deleted member 177333]

You know that stock value is not how much money a company has, right?

You know that when people sell stock it comes from somewhere, and not thin air, right?

 

[notb]

You know that when people sell stock it comes from somewhere, and not thin air, right?

Investors trade - someone buys, someone sells. The company that issued the shares has nothing to do with it (unless it's buying its shares back, obviously).