Nvidia warns of trouble ahead
 

But while there's moonlight, music, and love, and romance let's face the music and dance

Nvidia beat analyst expectations for sales and earnings, but the stock dropped more than 10 per cent in extended trading at one point after the chipmaker gave a light forecast for the current quarter and warned of trouble ahead.

CFO Colette Kress said Nvidia will slow down its hiring pace and control expenses as the company deals with a challenging macroeconomic environment. The company said that revenue for the current quarter would be about $8.1 billion, under analyst expectations of $8.54 billion. Nvidia stock is down over 43 per cent so far in 2022 as investors shun fast-growing stocks in favour of safer bets during a period of high inflation and macroeconomic uncertainty.

Nvidia CEO Jensen Huang said that the company was facing a "challenging macro environment" in a statement. The company's operating expenses increased 35 per cent year-over-year to $1.6 billion on a non-GAAP basis.

https://fudzilla.com/news/pc-hardwar...-trouble-ahead