NVIDIA Financial Results for First Quarter Fiscal 2024, Gaming Down 38% YoY
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rl66
On other hand, buying a gaming GPU at the price of a 2nd hand car, is not a priority on the actual context...
Even more when outsider is near 1/2 of the price (despite still too expensive too) for near equivalent.
AND the bad reputation it get with the mining hype (lot of clients of the shop i extra work don't want NVidia whatever it is a better GPU)...
H. Ford have said something about what result doesn't show... 😉
wavetrex
https://www.compari.ro/CategorySearch.php?st=rtx+4090 - That's roughly €2000
25 pages of cars under €2000: https://www.olx.ro/auto-masini-moto-ambarcatiuni/autoturisme/?currency=EUR&search%5Bfilter_float_price:to%5D=2000
(And yes, I know all these cars are old and beaten up, but most of them still work and will take you to work day in and day out)
Prices for electronics are beyond ridiculous today.
I was thinking the same:
RTX 4090: Pryme
Back in the day, on the university, I bought my beaten up car + laptop for 1800€. It was a price of a very expensive laptop, like Macbooks. Today the car and laptop still works (little problems of course). I'm the kind of consumer that brands hate, I mantain my things until they desintegrate.
GPUs prices went out of control. Is still possible to build a nice computer for a good price, not top of the line but very competent still, some components went down in price in the last months. But then we have the GPU part to consider and this is a headache. Second hand marked is quite nice with Ampere and RDNA2 nowadays, but is understandable that not everyone wants a used card.
I have friends that are downgrading the GPU class nowadays, back in the day (Kepler, Maxwell, Pascal) they were buying xx80 class cards, and today they are going for xx70 or xx60. Lets be real, wages are not going up at the rate of cost of living, only giving the solution for many to buy lower tier cards. An RTX 4080 is almost 2 minimum wages in my country (yeah crap economy, thats life).
vestibule
Krizby
Gaming revenue jumped 22% from last quarter, so 4070/4070ti must not be rotting on shelves like some people might think LOL
alanm
Nvidia's results spark nearly $300 billion rally in AI stocks
(Reuters) -Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost $300 billion in market capitalization after chipmaker Nvidia Corp forecast strong revenue growth and said it was boosting production of its AI chips to meet surging demand.
Nvidia's stock zoomed as much as 28% after the bell to trade at $391.50, its highest level ever. That increased its stock market value by about $200 billion to over $960 billion, extending the Silicon Valley company's lead as the world's most valuable chipmaker and Wall Street's fifth-most valuable company.
alanm
Denial
alanm
tsunami231
Nvidia board*
"Raise prices where dying here"
Pryme
Gaming is just a subdivision losing is momentum, still relevant, but loosing power to the AI segment, as we see today for the financial results. Nvidia is no longer a Gaming company, is a AI company, this is the new gold rush.
Airbud
https://finance.yahoo.com/news/nasdaq-futures-rise-as-nvidia-shares-soar-stock-market-news-today-115101195.html
Yea, that is Big!
Denial
alanm
https://www.investopedia.com/terms/q/quarter.asp
[/spoiler]
Still would be presumptuous that the 4070 (released on Apr 12) in 18 days of sales would make much of a difference to significantly bump up Nvidias quarterly revenue. If you look at neweggs top selling cards, the 4090 is generating more revenue than the 4070/Ti
Re 30 series, the RTX 3060 still in abundance at Newegg from multiple brands/vendors to this day.
That is confusing. Quarters are generally assumed to line up from the start of the year (Jan-March = 1st quarter). But apparently there are weird exceptions.:
[spoiler]
Are Quarters Always Lined Up to the Calendar Year?
Quarters do not always line up with the calendar year. For instance, if a company chooses to have its fiscal year starting in February rather than January, then its first quarter would consist of February, March, and April. Companies sometimes choose to do this if they want their fiscal year to end in their own peak season. Alternatively, since finishing the year often involves a lot of additional accounting work, some companies choose to end their fiscal year on a relatively calm month.
Pryme
That is more normal than we think, in fact I know more companies that use the month delay than starting in January. I worked very closely to the accounting department for some time, and they usually close the books at January and not December. The reason was that closing the fiscal year demands a lot of work, adding that in December more people have holidays and reduce their work time and availability. Usually it was late January that the accounting department was a total train wreck.
H83
Well, who needs gamers when you have AI...
rl66
Catspaw
4 cents a share of dividens, close to 400 dollars per share.
You lose more on inflation alone.
fantaskarsef
alanm
https://ycharts.com/companies/NVDA/pe_ratio
He means its stock price vs dividends per share. Nvidia will pay shareholders 4c per each share for the ending quarter, which is very low vs its stock price. So a $380 investment per share in Nvidia today will bring you only about 16c per year in return (roughly averaged).
Meaning its current stock price is based more on crazy speculation on what the future may hold than solid fundamentals. Nvidias price to earnings per share (not dividends) is also very high. The stock price to earnings ratio (PE ratio) is 218. Meaning the company earns only 57c per year on each share based on its current valuation ($380/0.57c = 218 PE ratio)