pharma:

Shares climb 8.6% after Q4 results ... beat EPS but missed revenue $2.2B midpoint of the guidance cut. Almost impossible to predict stock market reaction to corporate financial news.

Yup, you might as well flip a coin. :P But seriously, the stocks's been beat up so badly these past few months that expectations are at an all-time low. Anything short of disaster and it was bound to go up. It's basically the opposite of the situation last two years, where the stock was priced to perfection and anything short of absolute success caused it to tank.

D3M1G0D:

Yup, you might as well flip a coin. 😛 But seriously, the stocks's been beat up so badly these past few months that expectations are at an all-time low. Anything short of disaster and it was bound to go up. It's basically the opposite of the situation last two years, where the stock was priced to perfection and anything short of absolute success caused it to tank.

Eh I personally sold and told my father to sell ~2500 total shares of Nvidia at ~205 last year because I though the stock was overvalued (He made out well with a purchase at $30 in 16 lol). We both reinvested portions into AMD at ~10 which worked out nicely. My mind was kind of blown when it hit ~250 and above and i figured a correction was due although I didn't expect the value to half. Nvidia has some interesting promises in the pipeline but a lot of potential customers are moving to do their own chip design in house - especially for machine learning/self driving which is where Nvidia's insane valuation came from. Obviously most of the loss is attributed to the crypto market vanishing overnight but I also think smart investors are starting to realize that Nvidia won't be the sole designer of all these chips and backing out. As for the people saying Jens can/should be removed - you're delusional. Yes they recently had a correction but the market performance of that company has been nothing short of astounding and Nvidia keeps finding ways to reinvent itself in the market. He's not going anywhere unless its on his own accord and I don't think there is a reason for him to. I get it - you guys hate the high prices of 2xxx series, Nvidia's devious marketing and JHH's leather jacket but the investors that matter don't care about that.

Worst nvidia geneneration since Fermi and its only going down from here.

Undying:

Worst nvidia geneneration since Fermi and its only going down from here.

Competition isn't any better. AMD has nothing on the table since hd7000 series. They are going circles around same arch. They never forced Nvidia to stop milking. The scenario twist was, they lost money either way, Jensen Huang failed badly. Imagine what would've happen if RTG was stronger.

Somehow I feel bad for Nvidia and JHH. They lied way less than AMD. Do you remember poor volta and its tremendous hype? AMD still in 2019 cannot and will not beat TITAN V. Red camp has nothing equivalent. Still, they have taken less damage with Vega's weakness by the years. Long live the mining fever.

Denial:

As for the people saying Jens can/should be removed - you're delusional. Yes they recently had a correction but the market performance of that company has been nothing short of astounding and Nvidia keeps finding ways to reinvent itself in the market. He's not going anywhere unless its on his own accord and I don't think there is a reason for him to. I get it - you guys hate the high prices of 2xxx series, Nvidia's devious marketing and JHH's leather jacket but the investors that matter don't care about that.

It's not the high price of the 20-series (or his leather jacket 😛) that I'm upset about, it's him lying through his teeth about the crypto situation. He convinced everyone, including all the analysts on Wall St, that crypto only had a small impact on their bottom line, which is why the consensus estimate for Q4 was so high ($3.4bn if I recall correctly). The now-revised figure of $2.2bn shows the sheer scale of his deception and he should be held accountable - you cannot lie to your shareholders and expect to get away with it.

fantaskarsef:

I wonder if Jensen's nervous he might be fired.

Of course he isn't nervous. With an ego as inflated as his, they could tell him to his face that he's fired and yet he'll still show up in his former office as though it were still his, as well as put on his leather jacket and headset to do public demonstrations of new products.

warlord:

Somehow I feel bad for Nvidia and JHH. They lied way less than AMD. Do you remember poor volta and its tremendous hype? AMD still in 2019 cannot and will not beat TITAN V. Red camp has nothing equivalent. Still, they have taken less damage with Vega's weakness by the years. Long live the mining fever.

And because Nvidia has no competition for most of their current segment (Radeon VII is still power inefficient to comparable RTX cards), they can comfortably raise their prices for existing performance brackets. We depend on AMD to pull a Ryzen with their graphics card lineup now. Hopefully Navi will change that and I'm personally waiting for HDMI 2.1 ports on future cards to show up as we can see the RTX 2080 TI produces well over 60fps at 4k in some titles.

D3M1G0D:

Yup, you might as well flip a coin. 😛

Or just buy SP 500 over the 15-year investment horizon, 92.33% of large-cap managers, 94.81% of mid-cap managers, and 95.73% of small-cap managers failed to outperform on a relative basis https://abload.de/img/spiva1l5kem.png http://www.aei.org/publication/more-evidence-that-its-very-hard-to-beat-the-market-over-time-95-of-financial-professionals-cant-do-it/ Back on topic... Financial wise: To put things into perspective and to see what's "baaad" by Nvidia's standards: Nvidia made more money in this bad quarter than AMD did during a great year! Technology wise: It gets lost in this "off with JHH's head" noise that it's JHH who led Nvidia to their current technological state, which to say is dominant, is understating it: Beating your direct competitor in every metric on the old node is ridiculous and simply unheard of. I'll stop right there because commenting the state of GPU competition any further is unnecessary. Consumer wise: These are good news! It is encouraging that this NV's attempt at minimum price of $500 for GPU did not pass. I appreciate new tech as much as the next guy, but what did they expect - when perf/$ remained same (or barely budged) during 2 year period. I am still tracking everything from 2060 to 2080 Ti ( 500 for 2070 , 700 for 2080 or 1000 for 2080 Ti does not sound too horrible), but I'm resisting the urge to push that BUY button. Thinking that the bad financial results might compel Nvidia to rethink their overly-optimistic prices. Which TBH I don't have too much hope for.

Noisiv:

Or just buy SP 500

My retirement account is all index funds. NVDA is only in my trading account. 😉

Noisiv:

Thinking that the bad financial results might compel Nvidia to rethink their overly-optimistic prices. Which TBH I don't have too much hope for.

No way, they need to make prices even higher! Get a brand spankin' new RTX 3080 Ti FE for the low, low price of $1999.99 (shipping, handling and RMA not included). 2x RTX performance + 10% traditional rendering. Huang goes on stage for over an hour to present its features, 90% of the time making fun of the Radeon VII. 😛

Well, there's one person that signed off on the insane pricing structure of the RTX series. That same person also knew full well the QA 'issues' ray tracing - the headline series selling point - had. It was also known that very significant visual output compromises would be placed on developers just to achieve acceptable fps targets. That same QA department would also have flagged up that the resolution output reduction in both RT target areas and DLSS might not sit well with consumers (and artists). With all these risks/issues that were always going to be discovered early on, and more, just how wise was it to sign off on ramping up prices so insanely? I think it's safe to say that this is the first series where the vast majority of those who would have upgraded haven't. Money lost? Was there ever a possibility that Nvidia could have priced to 'expected / fair' levels, possibly taken a hit but guaranteed feature visibility? This was not played well.

They reached for the sky with pricing but the cards weren't that much better than before (in FPS terms). We've had MUCH bigger gains in the past with only modest price bumps between generations. I think, overall, the gaming community just gave nvidia the finger.

Denial:

I mean the 1070 has at least ~5M steam users with it so doesn't seem that unreasonable.

True. What's unreasonable is that the next gen 2070 GTX costs way more and offers barely any more performance. Anyone owning a 10 series card and tends to be sensible with their budget (sensible can be something you do at every budget range, it's not because you HAVE the money that you just want to toss it out the window) is left scratching his head with the lack of a performance increase in exchange for the high prices and we all pretty much collectively decided to simply not buy the 20XX cards.

On another note: something serious is happening at Know-Vidia. It's been two or three days since their last driver, and there isn't any HOTFIXes. Yet. Weird. 🙄..