For Traders

Analytical Reviews

News

29.01.201916:50 Forex Analysis & Reviews: Shares of NVIDIA fell by 13%

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The cost of shares of the largest manufacturer of graphics accelerators and processors of NVIDIA Corporation fell by more than 13% to $ 138 amid lower forecasts for reporting for the fourth quarter of 2018.

The company lowered its quarterly revenue forecast from $ 2.7 billion to $ 2.2 billion due to weaker than analysts predicted, sales of game consoles and data center platforms.

Representatives of Nvidia explained that the forecast was worsened due to the slowing growth of the global economy, especially in China. The annual financial report will be published on February 14th.

On Tuesday, January 29, as of 15:22 London time, the value of shares decreased by 13.82%, to $ 138.01 per security.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.