{"id":452933,"date":"2022-05-26T05:32:18","date_gmt":"2022-05-26T02:32:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nvidia-shares-plunge-after-q1-figures-crypto-mining-card-revenue-nominal\/"},"modified":"2022-05-26T05:32:18","modified_gmt":"2022-05-26T02:32:18","slug":"nvidia-shares-plunge-after-q1-figures-crypto-mining-card-revenue-nominal","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nvidia-shares-plunge-after-q1-figures-crypto-mining-card-revenue-nominal\/","title":{"rendered":"# Nvidia shares plunge after Q1 figures, crypto mining card revenue &#8216;nominal&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a412204e37d8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a412204e37d8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nvidia-shares-plunge-after-q1-figures-crypto-mining-card-revenue-nominal\/#%E2%80%9D_Nvidia_shares_plunge_after_Q1_figures_crypto_mining_card_revenue_%E2%80%98nominal_%E2%80%9C\" >&#8221; Nvidia shares plunge after Q1 figures, crypto mining card revenue &#8216;nominal&#8217; &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Nvidia_shares_plunge_after_Q1_figures_crypto_mining_card_revenue_%E2%80%98nominal_%E2%80%9C\"><\/span>&#8221; Nvidia shares plunge after Q1 figures, crypto mining card revenue &#8216;nominal&#8217; &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZDA4ODRmNDgtZmU5OS00ODJkLWIzZjQtOWQ1YmMxN2RkNDU4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>American graphics card manufacturer Nvidia\u2019s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations.<\/p>\n<p>Quarterly growth from Q4 2021 to Q1 2022 was strong with an 8% increase in revenue to $8.98 billion and 3% increase in earnings per share to $1.36. It also stated it would continue a $15 billion share buyback program through the end of 2023 according to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001045810\/2a1497e5-f97c-4030-887a-4e8b82cd5d04.pdf\">filing<\/a> to the Securities and Exchange Commission (SEC). <\/p>\n<p>However, the Q2 outlook is much less promising and projects revenue will be $8.1 billion, which is 4% lower than expected. <\/p>\n<p>The dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointing guidance didn&#8217;t impress investors in after hours trading on Thursday with Nvidia (NVDA) shares down 7% to $157.8. NVDA is down nearly 50% ove the year, mirroring the poor performance of tech stocks across the market.<\/p>\n<p>The tech firm saw a drop in sales of its Cryptocurrency Mining Processor (CMP) in Q1 to \u201cnominal\u201d levels compared with $155 million from a year ago The filing does not specify exact revenues on CMPs, but revenues have been falling since last year. <\/p>\n<p>Nvidia saw a 33% shortfall in expected CMP revenues in Q2 last year to $266 million, followed by $105 million in Q3 and then $24 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001045810\/7260f18c-9ebc-4365-a425-762fa272960f.pdf\">million<\/a> in Q4. That\u2019s now fallen again.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Nvidia down 10% after earnings, revenue forecast misses estimates <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/2EcnFPDWlR\">pic.twitter.com\/2EcnFPDWlR<\/a><\/p>\n<p>\u2014 db (@tier10k) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/tier10k\/status\/1529559605092696070?ref_src=twsrc%5Etfw\">May 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nNvidia revised its revenue expectations for Q2 in the report down to $8.1 billion \u201cplus or minus 2%\u201ddue to \u201cRussia and the COVID lockdowns in China.\u201d\u00a0<\/p>\n<p>Those two factors alone could drive revenues down as much as $500 million as the report says.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>GPU prices are still on a decline: Is Bitcoin\u2019s sorrow <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>rs\u2019 joy?<\/em><\/strong><\/p>\n<p>The Santa Clara-based company\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nvidia.com\/en-us\/cmp\/\">CMPs<\/a> can be used to mine Bitcoin (BTC), Ethereum (ETH), and a range of other cryptocurrencies. Its graphics cards, designed for gaming, can also be used to mine cryptocurrency unless limited.<\/p>\n<p>Supplies of CMPs are extremely scarce even on secondary markets, possibly causing sales to be so low. A new CMP 170HX, the highest rated model to-date, cost $4,700 when they were launched last October.<\/p>\n<p>On May 6, Nvidia was forced to pay $5.5 million to the SEC to settle a case in which it was accused of failing to disclose how much of its revenue came from crypto mining in 2018. The announcement spooked investors, who sold NVDA down 6% on May 9, the next trading day.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nvidia-shares-plunge-after-q1-figures-crypto-mining-card-revenue-nominal\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Nvidia shares plunge after Q1 figures, crypto mining card revenue &#8216;nominal&#8217; &#8220; American graphics card manufacturer Nvidia\u2019s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations. Quarterly growth from Q4 2021 to Q1 2022 was strong with an 8% increase in revenue to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":452934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZDA4ODRmNDgtZmU5OS00ODJkLWIzZjQtOWQ1YmMxN2RkNDU4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75042,77134,74898,117],"class_list":["post-452933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-mining","tag-nvidia","tag-sec","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=452933"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/452934"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=452933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=452933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=452933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}