Nvidia cuts quarterly guidance, down from $2.7bn to $2.2bn

[HEXUS]

Blames gaming, data centre. Firm's shares are down 14 per cent in afterhours trading.

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[Tabbykatze]

Not a small amount to be cutting, but they will recover!

[Nobull]

Good. I hope they stop their ridiculous price gouging. But I doubt it.

[LSG501]

wow shock horror...

Excessively high prices on new items
Change to EULA to stop data centre's using geforce gpu's (several 'data centre' deals fell through according to other sites). The difference in cost for 'equal' cards is nearly 5x the cost of a geforce for a quadro/tesla card. AMD is considerably cheaper option if you can use it.

And what a surprise, they blame it primarily on China rather than their own business decisions, just like every other company of late...

[PC-LAD]

And what a surprise, they blame it primarily on China rather than their own business decisions, just like every other company of late...

Kinda like how the train lines blame infrastructure for how they have to increase prices in the UK despite giving all their profits out to shareholders and not building customer relations

[Iota]

wow shock horror...

Excessively high prices on new items

It isn't just about the high pricing though, if Nvidia were offering a solid price / performance ratio then I doubt we'd be complaining about pricing too much. The problem they have is the previous series of cards they released are still pretty great price / performance wise (looking at 1070), however the newer cards just don't offer that, instead they offer new features not widely supported yet. I guess time will tell how it plays out.

[OilSheikh]

Keep charging obscene prices and what did you expect, Nvidia ?

[aidanjt]

Anyone could have seen this coming from a mile away. The pent up demand was for strong price/performance around the £150-300 mark after nearly 3 years of garbage prices. They went the exact opposite route. Let's hope Navi comes through when it finally hits the shelves.

[nobodyspecial]

If China is down, likely NV is too, as Baidu etc are pretty big buyers for them. It's a bit of a down market for many around the globe currently. Not really much of a surprise here if you watch markets. Great time to buy NVDA stock at just over 1/2 off. You can double your money pretty easily here, just a matter of 1 year or 3, or ~5 worst case (still better than any fund out there yearly) and it will likely happen quickly just as before when it happens.

No worries, as more games come out supporting RTX features, more cards will sell. No AMD competition means no price cuts (no Radeon 7 (whatever) is not competition). It's not NV's job to help you buy their cards...LOL. AMD should learn this lesson ASAP.