The company projected at the time that it would make $5.9 billion in Q3 revenue - a steep decline from Wall Street’s $6.9 billion expectations. After missing estimates on its Q2 earnings, the company also slashed its forecast for this past quarter to save face. Investors haven’t been given much to look forward to regarding Nvidia’s incoming earnings report, either. Couple this with the estimated $500 million hit to the company from cutting ties with Russia, and you’ve got a recipe for bearishness. Chip production is still hampered by the effects of a long constrained supply chain. Not to mention, supply-chain issues aren’t exactly in the rearview. And being part of a sector that is largely speculative and more volatile than others, NVDA stock and its peers bear the brunt of Jerome Powell’s decision-making.
/nvda1-5bfc46a0c9e77c0051a0d066.png "stocks nvda swx")
Rate hikes aimed at killing inflation are holding Wall Street hostage. The Federal Reserve is making it difficult for any publicly traded company to turn a decent profit, after all. Nvidia, like most other companies in 2022, certainly hasn’t gotten a fair shake.
0 kommentar(er)
