![]() ![]() #NVDA STOCK GOOGLE FREE#This may be the easiest way to get hundreds of dollars in free money - and most people don’t do itĬhina outnumbers the U.S. Their ‘political mobilization’ could influence the midterm elections. ‘My girlfriend owes $200,000 in medical and credit-card debt’: She wants me to settle it - by paying a portion of the outstanding amount shoppers plan to cheat inflation this holiday season - and you can too Powerball grand prize climbs to $1B without a jackpot winnerĤ ways U.S. Powerball Grand Prize Jackpot Grows to $1 BillionĪs Powerball jackpot hits $1 billion, this Connecticut man warns that playing the lottery can become an addiction Considering Nvidia's strong grip over the gaming GPU market and the massive data center opportunity, the downturn is unlikely to last for a long time.Īs such, investors looking to buy a top semiconductor stock for the long run should keep a tab on Nvidia and consider going long if it becomes too cheap to ignore following its glum near-term forecast.How to survive a stampede: What to keep in mind after the tragic event in Seoul Additionally, the gaming graphics card market is expected to clock annual growth of 14% through 2026, according to Mordor Intelligence. But then, savvy investors should consider keeping a close watch on Nvidia as the company has multiple catalysts that could help it come out of its slump.įrom data centers to automotive to digital twins, Nvidia has several multibillion-dollar markets that it could tap into. #NVDA STOCK GOOGLE PC#A meaningful slowdown in Nvidia's growth means that investors may not be willing to pay such a rich multiple for the stock since it won't be able to justify the premium now.Īs such, don't be surprised to see Nvidia stock head lower until and unless the situation in the PC and the gaming market improves. That's way higher than the S&P 500's multiple of 22.5. Nvidia is an expensive tech stock that currently trades at 50 times earnings. NPD estimates that video game hardware revenue could drop 8.7% in 2022 in the U.S.Īll this doesn't bode well for Nvidia, which is the reason why analysts have reduced their growth estimates for the current fiscal year, reducing their revenue and earnings forecasts. At the same time, spending on video gaming hardware is also expected to decline. The market research firm expects PC sales to drop 8.2% in 2022. According to IDC, PC sales fell 15.3% year over year in the second quarter of 2022. The segment's contribution has now dropped to 30%.Ī turnaround in the video gaming segment looks unlikely as sales of PCs are dropping at an alarming pace. That's bad news for the company as gaming is Nvidia's second-largest source of revenue, producing 43% of its top line in the fiscal first quarter. ![]() In simpler words, Nvidia's gaming business is likely to be plagued by a combination of low volumes and weak pricing. High inflation is forcing Nvidia to reduce the price of its graphics cards and reduce inventory at the same time. But it now seems that the problem is bigger than Nvidia had anticipated. Nvidia itself had warned on its May earnings conference call that gaming revenue would take a $400 million hit on account of weak sales of gaming GPUs in Russia and China. ![]() However, the weakness in the gaming segment isn't surprising as there have been signs of weak graphics card demand of late. ![]() More specifically, Nvidia's gaming segment revenue was down 33% year over year in the fiscal second quarter to $2.04 billion. ![]()
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