Daily Poll: Beat the estimation and beaten by the market.
$NVIDIA(NVDA.US$ reported earnings on Wednesday for its second fiscal quarter, which ended Aug. 1, beating Wall Street estimates because of strong graphics card sales.
However, $NVIDIA(NVDA.US$ cryptocurrency chip product, CMP, had lower sales, at $266 million, than the $400 million the company predicted in May. Shares of Nvidia were up more than 2% in after-hours trading and soon drop for unknown reasons.
Nvidia is in a period of sustained, massive growth in its business as semiconductors are in short supply worldwide and as demand for the kind of processors that the company specializes in skyrockets. Nvidia’s revenue rose 68% annually during the quarter.
What do you think about future of the chips industry？Leave your comment and see how other mooers say.
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Mars Mooo :
gooup8 : hah
benbenliu :
Maniram Verma :
LeicesterM :
Ankur Tiwari : I think It will become a hot spot in the future.
Roger P : AMD and Intel are head to head competitors. So demand is split between them. NVDIA playing in different league where no head on challenger. Similar to QCOMM.
71451760 : I always like the underdog but I don’t bet against Nvidia or Cathy wood or Elon musk,
gariontjk : nvidia has always been the go to leader
moolele : Cute
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