Nvidia tells the truth, and tempers a potential rally for chip stocks

For months, chip companies have been telling investors that a rebound is right around the corner. As MarketWatch warned months ago, there was little evidence to back up those claims, and Nvidia Corp. admitted as much Thursday afternoon, throwing a wet blanket on an after-hours bounceback for its beleaguered stock and shares in other chip companies.

“The data-center spending pause around the world will likely persist in the second quarter and visibility remains low,” Chief Financial Officer Colette Kress said in a conference call Thursday, later adding “we are returning to our practice of providing revenue outlook one quarter at a time.”Immediately after that statement, a 7% after-hours gain for Nvidia shares dissipated to nearly nothing, before bouncing back to a 2% gain as the extended session neared the close.

The reality is that this could be a temporary slowdown that will end by the time 2020 rolls around, or it could be the beginning of the end for the massive cloud data-center build-out that has supported the tech boom even as the mobile-phone market has stagnated and personal-computer sales continue to struggle.

And the Chart looks good... $NVDA

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Stocks making the biggest moves after hours: Pinterest, Nvidia, Applied Materials and moreSee which stocks are posting big moves after the bell on Thursday.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

Nvidia stock rally loses steam on cloudy outlook for server chips, full-year earningsNvidia Corp. shares shed big gains in the extended session Thursday after the graphics-chip maker does not provide a full-year outlook and says that...
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »

Nvidia set to report earnings after the bellNvidia shares have rebounded this year though the stock is still 45% below its record high as the company faces surplus inventory.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

Nvidia stock rallies after big earnings beatNvidia Corp. shares rallied in the extended session Thursday after the graphics chip maker reported earnings that topped Wall Street estimates.
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »

Nvidia isn't offering guidance for the full fiscal year because a big slowdown in data-center spending is causing 'uncertainty' in the chip marketNvidia's first-quarter report sparked a rally in its shares. But the chip-maker said it was still wrestling with an uncertain data center market. Glad I sold on the AH spike.
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »

Nvidia stock rally loses steam on cloudy outlook for server chips, full-year earningsNvidia Corp. shares shed big gains in the extended session Thursday after the graphics-chip maker does not provide a full-year outlook and says that...
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »