I could never understand why one would operate with a fiscal year different from the actual calendar year. How does it do _anything_ except create confusion?
Its easy to remember, its just every 3 months. The thing i don't understand is the stock market in general, this is all good news, but the stock tanked after. lol
Good results for the past quarter mean that existing shareholders made money, not necessarily that new ones will. The fall in stock price basically means that current/future stockholders think the next quarter won't be as profitable as they were expecting.
Wow, so Nvidia is projecting a 6.9% decline in revenues for Q4 2019?
And do we have any idea what "OEM & IP revenue" covers? Is this possibly related to Intel's IP licensing deal lapsing, or was that already prior to Q3 2017?
The financial world expects every company to grow at unsustainable rates forever. That drives companies to do everything to meet their expectations, and at some point it fails. The ever rising prices and heavy marketing towards "prosumer/enthusiast" is an example of this.
I wouldn't be surprised if Turing's outrageous prices are going to play this role as well.
This is when you do money my friend. When you compute the market is forecasting impossible growth numbers discounted at unrealisticly low interests rates. At that time, you get out and wait for the next correction! Nvidia is a good long term investment, just not at the price it has been for the past year.
Nvidia got too cozy with over charging consumers for GPU's. With weak competition from AMD and a once strong crypto mining market, Nvidia became complacent. But just like Intel had to do, Nvidia is going to have change it's ways. Long term Nvidia is still a great company, and I'd consider buying the stock after it sinks a bit more.
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austinsguitar - Thursday, November 15, 2018 - link
year summary. scarcity sales, and nvidia made serious bank in 2018. okay.neblogai - Thursday, November 15, 2018 - link
Are the dates correct in the last sentence?jeremyshaw - Friday, November 16, 2018 - link
Fiscal Year.Valantar - Friday, November 16, 2018 - link
I could never understand why one would operate with a fiscal year different from the actual calendar year. How does it do _anything_ except create confusion?JKflipflop98 - Friday, November 16, 2018 - link
This is how accountants keep themselves in a job.Qwertilot - Friday, November 16, 2018 - link
It takes at least a *little* time to add up and check all the accounts for a company this big :)mode_13h - Friday, November 16, 2018 - link
My guess is that since the law allows it, they do it to split their best and/or worst quarters to smooth out the peaks/troughs.Da W - Friday, November 16, 2018 - link
Usually has to do with the date the company started doing buisness, year 1, makes a full year.imaheadcase - Friday, November 16, 2018 - link
Its easy to remember, its just every 3 months.The thing i don't understand is the stock market in general, this is all good news, but the stock tanked after. lol
saratoga4 - Friday, November 16, 2018 - link
Good results for the past quarter mean that existing shareholders made money, not necessarily that new ones will. The fall in stock price basically means that current/future stockholders think the next quarter won't be as profitable as they were expecting.mode_13h - Friday, November 16, 2018 - link
Wow, so Nvidia is projecting a 6.9% decline in revenues for Q4 2019?And do we have any idea what "OEM & IP revenue" covers? Is this possibly related to Intel's IP licensing deal lapsing, or was that already prior to Q3 2017?
Qwertilot - Friday, November 16, 2018 - link
That decline for Q4 most likely Crypto currency related you'd imagine?Da W - Friday, November 16, 2018 - link
And overstock of GTX 10XX stuff, that retaillers will try to get rid of at discount prices. Will hurt sales of RTX 20xximaheadcase - Friday, November 16, 2018 - link
R&D investment will fall into revenue decline.mode_13h - Friday, November 16, 2018 - link
Are you sure it would hit revenue? I thought that was the top line number, referring to the total amount of money they took in.I could understand if you meant profits.
IntelUser2000 - Friday, November 16, 2018 - link
The financial world expects every company to grow at unsustainable rates forever. That drives companies to do everything to meet their expectations, and at some point it fails. The ever rising prices and heavy marketing towards "prosumer/enthusiast" is an example of this.I wouldn't be surprised if Turing's outrageous prices are going to play this role as well.
mode_13h - Friday, November 16, 2018 - link
Maybe it's a bit premature to write the epitaph of Turing. Nvidia might yet be vindicated, in the long run.Da W - Friday, November 16, 2018 - link
This is when you do money my friend. When you compute the market is forecasting impossible growth numbers discounted at unrealisticly low interests rates. At that time, you get out and wait for the next correction! Nvidia is a good long term investment, just not at the price it has been for the past year.Phil85 - Friday, November 16, 2018 - link
Nvidia got too cozy with over charging consumers for GPU's. With weak competition from AMD and a once strong crypto mining market, Nvidia became complacent. But just like Intel had to do, Nvidia is going to have change it's ways. Long term Nvidia is still a great company, and I'd consider buying the stock after it sinks a bit more.