Nvidia’s Revenue Sinks 24%, but Wall Street Feared Worse - News Summed Up

Nvidia’s Revenue Sinks 24%, but Wall Street Feared Worse


Nvidia Corp. reported a 24% drop in quarterly revenue Thursday and signaled work ahead to shake off a funk in cryptocurrency mining and revive demand for its chips used by videogamers and data centers. Shares, though, popped more than 8% in after-hours trading as Nvidia’s earnings didn’t turn out to be even worse than what Wall Street had been bracing for when Chief Executive Jensen Huang previously said the quarter was shaping up as “a real punch in the gut.”...


Source: Wall Street Journal February 14, 2019 22:11 UTC



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