Friday, 21 September, 2018

Nvidia reaches new record for revenues, EPS in Q1

Morgan Stanley Previews Semi Earnings Expects Strong Nvidia Results Despite Crypto Concerns Switch, PC, and crypto all lead to booming growth for Nvidia
Roberta Sherman | 12 May, 2018, 12:57

Gaming remains Nvidia's biggest market, by a wide margin.

There is still no word on when we may see a successor to Pascal in the gaming GPU market, but hopefully we'll get more news on that front in the coming months. But that was then and this is now, and for the GPU maker's first quarter ended April 29, 2018, NVIDIA saw its revenue shoot up 66 percent to $3.21, marking the best quarter the company has ever had. In total, Nvidia's GeForce gaming business brought in $1.72 billion, growing 68 percent compared to Q1 previous year. On Thursday, Nvidia notched an all-time high of 260.50.

Nvidia held their Q1 earnings call last night, boasting bumper revenue, but also announcing an expected 67% drop in cryptocurrency revenue for the next financial quarter because of the recent dip in mining GPU demand. Retail prices for Nvidia's gaming chips surged earlier this year as miners snapped up chips, a development Nvidia addressed by releasing mining-specific chips. According to Kress, "while supply was tight earlier in the quarter, the situation is now easing".

Arizona woman accused of stalking, sending man 65000 texts after 1 date
USA Today reports that Jacqueline met a dude on a blind date and he wasn't into it, but she believed she was in love with him. Why did she send so many texts? "I was traveling around, I was in California and I wanted to stay in California", Ades said.

Investors shouldn't obsess about the crypto business, Rosenblatt Securities analyst Hans Mosesmann said.

But that number is going to look significantly different at the next quarterly earnings call, with Nvidia anticipating a revenue drop of two-thirds.

Patrick Moorhead of Moor Insights & Strategy said he was not concerned by the lower-than-expected data centre revenue because the buying patterns of huge cloud customers were "lumpy".

The Exorcist: Cancelled; No Third Season of FOX's Horror Series
That put it outside of the Top 10 broadcast shows on Friday night, and it was ranked 10th among adults 18-49 with a 0.4 share. Miss Chrystine sought to save Lucifer through force of will: " Lucifer is literally the only serial show on TV that I watch".

"We had a strong quarter with growth across every platform", said Nvidia CEO Jensen Huang.

Moving past the consumer GPUs, Nvidia also saw an increase of 71% for NVIDIA's datacenter business revenue which is attributed to the sales of Tesla V100 units, DGX systems, and HPC design.

At this year's GPU Technology Conference (GTC), Huang admitted that there was a shortage in high-end chips likes its Volta series marketed at companies and academics dealing with heavy AI workloads. The company expects to generate $3.10 billion in Q2, with Nvidia pinning some of its growth opportunities on AI.

Gold Little Changed as Rate Worries Remain
The dollar index was 0.1-percent higher at 93.150 after hitting a 4-1/2-month peak at 93.416 on Wednesday. On Wall Street, the Dow Jones Industrial Average rose 196.99 points, or 0.8 percent, to 24,739.53.

Not only that, Nvidia also saw a huge bump in GPU sales and brought in $2.77 billion from GPU sales alone which is 77% up from past year.

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