guru3d Nvidia cuts its revenue forecast by 17% due to video card demand.

[UltraMega]

Quote

Nvidia cuts its revenue forecast by 17%. According to preliminary quarterly figures, the company's revenue from gaming items such as GeForce GPUs was lower than expected. Nvidia claims that video card sales are down owing to 'challenges.' 

Nvidia reduces revenue prediction due to video card demand. (guru3d.com)

 

Good news for buyers. 

 

Before the economic shift back when stocks were just going up and up all the time, I would see articles all the time saying to buy Nvidia stock because it was so undervalued, but looking at the numbers that didn't make sense to me at all unless you assumed that crypto would never come back down. In the last year Nvidia's stocks has gone from a peak of ~$330 to ~$190. Definitely glad I didn't take the advice on any of those articles back then. 

[Sir Beregond]

52 minutes ago, UltraMega said:

Nvidia reduces revenue prediction due to video card demand. (guru3d.com)

 

Good news for buyers. 

 

Before the economic shift back when stocks were just going up and up all the time, I would see articles all the time saying to buy Nvidia stock because it was so undervalued, but looking at the numbers that didn't make sense to me at all unless you assumed that crypto would never come back down. In the last year Nvidia's stocks has gone from a peak of ~$330 to ~$190. Definitely glad I didn't take the advice on any of those articles back then. 

Basically any article saying now is the time to buy, is actually the time to sell.

[Lancer VI]

18 hours ago, Sir Beregond said:

Basically any article saying now is the time to buy, is actually the time to sell.

Indeed, but I just had something very unfortunate happen; both my 3090 and my 6950 XT both went down within a month of each other. I've been building since 1991 and I've never had such a run of bad luck before. To be fair, I just move clear across the US, after retiring and some of my gear clearly didn't survive. I drove literally coast to coast.

 

Anyway, I just had to buy a card to tide me over. Sucks too. Cards are still way overpriced to me, but then,  I'm on a fixed income now. lol.

[Avacado]

19 minutes ago, Lancer VI said:

Indeed, but I just had something very unfortunate happen; both my 3090 and my 6950 XT both went down within a month of each other. I've been building since 1991 and I've never had such a run of bad luck before. To be fair, I just move clear across the US, after retiring and some of my gear clearly didn't survive. I drove literally coast to coast.

 

Anyway, I just had to buy a card to tide me over. Sucks too. Cards are still way overpriced to me, but then,  I'm on a fixed income now. lol.

Man, you should have asked. I have a crap ton of older GPU's. I would have gladly given you one to tide you over. Nothing crazy, but functional. 

Edited August 9, 2022 by Avacado

[Sir Beregond]

48 minutes ago, Lancer VI said:

Indeed, but I just had something very unfortunate happen; both my 3090 and my 6950 XT both went down within a month of each other. I've been building since 1991 and I've never had such a run of bad luck before. To be fair, I just move clear across the US, after retiring and some of my gear clearly didn't survive. I drove literally coast to coast.

 

Anyway, I just had to buy a card to tide me over. Sucks too. Cards are still way overpriced to me, but then,  I'm on a fixed income now. lol.

Well I was mostly referring to stocks. Anytime they put out articles to buy buy buy its usually to pump it so the smart folks can sell.

 

As for your cards, man that is some rough luck, sorry to hear that. What did you replace them with?

[Lancer VI]

6 hours ago, Sir Beregond said:

Well I was mostly referring to stocks. Anytime they put out articles to buy buy buy its usually to pump it so the smart folks can sell.

 

As for your cards, man that is some rough luck, sorry to hear that. What did you replace them with?

Ah.....My bad. I'm slow, but sure....lol.

 

I just picked up a 6650 XT. I needed a new backujp GPU anyway. My R9 290s were getting long in the tooth and I gave away my 980 ti when I moved.

Edited August 9, 2022 by Lancer VI

[Sir Beregond]

11 minutes ago, Lancer VI said:

Ah.....My bad. I'm slow, but sure....lol.

 

I just picked up a 6650 XT. I needed a new backujp GPU anyway. My R9 290s were getting long in the tooth and I gave away my 980 ti when I moved.

I hear that. My 980 is now my backup GPU.