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Category: news    |    Added: 2018-11-17 14:10:12    |    View: 32

What just happened? Nvidia’s stock value has plummeted by nearly 19%, the worst one-day percentage drop in over ten years. The reason: Nvidia expects fourth-quarter earnings to be only $2.7 billion, substantially less than the $3.4 billion expected by analysts. This means the company has lost nearly $25 billion in market capitalization, more than AMD’s entire market cap of $21 billion.

It’s not all bad news, however. The third-quarter earnings themselves weren’t that bad, with Nvidia earning $3.18 billion, or $1.82 per share. While that is slightly less than the $3.24 billion that Wall Street was expecting, it’s still 2% better than last quarter and 21% better than the same period last year. In response, Nvidia increased dividends by 7% to $0.16 per share.

Their earnings report, released on Thursday, claim record profits in the data center, automotive and professional visualization (Quadro) sectors. It isn’t surprising to hear that Quadro RTX is going well, as ray-tracing innovations have had a much larger impact in the professional world compared to the gaming side.

Speaking of ray tracing, investment company Goldman Sachs says that GeForce RTX’s lackluster launch is one of the things that’s contributing to Nvidia’s low expectations of fourth-quarter earnings. Even worse, however, is Nvidia’s overstocked inventory.

“Our near-term results reflect excess channel inventory post the crypto-currency boom, which will be corrected. Our market position and growth opportunities are stronger than ever. During the quarter, we launched new platforms to extend our architecture into new growth markets – RAPIDS for machine learning, RTX Server for film rendering, and the T4 Cloud GPU for hyperscale and cloud.”

Nvidia was expecting the mining boom to continue for longer, so they manufactured more graphics cards than the market ended up requiring. And once the boom was over, there was even less demand for Nvidia’s cards than before, because of the large number of cheap high-end graphics cards that swamped the second-hand market.

As we reported yesterday, one consequence of this is that mid-range Turing cards could take another to six-plus months to arrive, potentially reducing Nvidia’s revenue in the meantime.

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source: Techspot

Category: news    |    8 minutes ago    |    View: 3

NASA in a recent internal memo detailed a security incident in which personally identifiable information on current and former employees may have been compromised.

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Coolpad's Illumina is one of the cheapest phones money can buy, and we wouldn't wish it on our worst enemy.

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The categories for this year’s Steam Awards were announced at the start of the Autumn Sale in November. Since it began in 2016, the event has become a bit more serious, with categories such as “Mom’s spaghetti” and "Best Use&hellip;

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Instead of trying to hide a TV as LG is doing with its rollable displays, Samsung is aiming to make them integral pieces of artwork. The Frame and Serif TV will both be on display at CES 2019 with QLED panels.

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You play as journalist Rose, who’s searching for her sister on the Helios—a ship created by Nikola Tesla. In this version of history, the inventor’s scientific breakthroughs have already had a major impact on the world. The Helios is supposed&hellip;

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Amazon and Walmart have gone back and forth with affordable fast shipping programs to try and capture shoppers looking for household goods. After acquiring same-day grocery delivery business Shipt, Target is expanding into the foray with Walmart and Amazon.

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Microsoft said the feature, which was previously known as InPrivate Desktop, would arrive in Windows 10 19H1 by early next year and be part of the Windows 10 Pro and Enterprise editions. Any software its runs stays only in the&hellip;

Category: news    |    5 hours ago    |    View: 51

Intel first announced the debut of its state-of-the-art Intel Studios back in January. Located a mile from Los Angeles International Airport in the center of LA’s entertainment industry, the dome reaches 44 feet into the air and contains 96 high-res&hellip;

Category: article    |    5 hours ago    |    View: 0

Today we're looking into how much RAM you need to play the latest and greatest gaming titles. About this time each year we set on a memory capacity quest and last year's expedition lead us to conclude that for gamers 4GB is out, 8GB was the minimum, 16GB is the sweet spot and 32GB is overkill. Read on for our 2018 test.

Category: news    |    13 hours ago    |    View: 157

Creativity is probably the most critical factor when making a game. Players want something they either have never played before or is different enough that it seems new. This selling point is one that companies like EA, and even Bethesda&hellip;




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