Nvidia's big reset has analysts wondering whether company is now in the clear

Nvidia Corp. just delivered an outlook for the latest quarter that was far lower than what analysts were expecting, as the chip company deals with a bevy of challenges including waning demand for its gaming and professional-visualization products, macroeconomic pressures on spending, and supply-chain disruptions.The... Nvidia Corp.

“We feel like the October quarter should mark the revenue bottom for NVIDIA,” Piper Sandler analyst Harsh Kumar wrote in a note to clients. “We truly believe NVIDIA’s data center business should normalize shortly, while gaming growth should start next year,” Kumar wrote. “These trends, along with the AI and Omniverse momentum, keep us optimistic about the future.”Opinion: Nvidia has faced this type of downturn before, and seems to have a specific goal in mind this time“Gaming inventory/crypto correction painful but necessary and welcome,” he wrote.

_diane_ $160 was the post split price. Nice!

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