#Nvidia stock ( #NVDA ) has been dropping since Nvidia announced preliminary earnings that show worse than expected revenues in gaming. But what exactly counts as "gaming revenue" for Nvidia? It turns out that their GPU sales have been excessively going to crypto mining for cryptocurrencies like Ethereum. Now that crypto is entering another winter, expectations are that demand for Nvidia's GPUs will drop substantially. But is that a bad thing or is Nvidia still one of the best stocks to buy now?
📝 Resources & References 📝
20% of crypto mining volumes have disappeared leading to Nvidia's quarter, says New Street's Ferragu (CNBC Market Alert): https://www.youtube.com/watch?v=34JmJnRJci4
Nvidia (NVDA Stock) pays $5.5 million for allegedly hiding how many gaming GPUs were sold to crypto miners: https://www.theverge.com/2022/5/6/23059930/nvidia-sec-charges-fine-settlement-gaming-gpu-crypto-mining
GTC 2022 Keynote with NVIDIA CEO Jensen Huang: https://www.youtube.com/watch?v=39ubNuxnrK8
Nvidia warns on second-quarter revenue, shares dip (NVDA Stock): https://www.cnbc.com/2022/08/08/nvidia-warns-on-second-quarter-revenue-shares-dip.html
NVDA Stock Investor Relations: https://investor.nvidia.com/home/default.aspx
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All content on this channel is for informational purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Trading stocks, ETFs, other securities, and/or cryptocurrencies poses a considerable risk of loss. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Should you need such advice, consult a licensed financial or tax advisor. When you make purchases through links in this video description, the author may earn a commission.
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📝 Resources & References 📝
20% of crypto mining volumes have disappeared leading to Nvidia's quarter, says New Street's Ferragu (CNBC Market Alert): https://www.youtube.com/watch?v=34JmJnRJci4
Nvidia (NVDA Stock) pays $5.5 million for allegedly hiding how many gaming GPUs were sold to crypto miners: https://www.theverge.com/2022/5/6/23059930/nvidia-sec-charges-fine-settlement-gaming-gpu-crypto-mining
GTC 2022 Keynote with NVIDIA CEO Jensen Huang: https://www.youtube.com/watch?v=39ubNuxnrK8
Nvidia warns on second-quarter revenue, shares dip (NVDA Stock): https://www.cnbc.com/2022/08/08/nvidia-warns-on-second-quarter-revenue-shares-dip.html
NVDA Stock Investor Relations: https://investor.nvidia.com/home/default.aspx
💬 Join The Conversation & Stay Up to Date 💬
Follow on FinTwit ▶ https://twitter.com/TickerSymbolYOU
5000+ member Discord ▶ https://discord.gg/9UHrHex4JX
Quick Tips & Videos ▶ https://www.tiktok.com/@tickersymbolyou
Short-form Insights ▶ https://www.instagram.com/tickersymbolyou/
📚 Useful Resources 📚
My full resource library ▶ https://www.tickersymbolyou.com (work in progress)
ARK Invest Big Ideas 2022 Report ▶ https://ark-invest.com/big-ideas-2022/
ARK Invest Innovation ETF (ARKK) ▶ https://ark-funds.com/arkk
ARK Invest Genomic Revolution ETF (ARKG) ▶ https://ark-funds.com/arkg
ARK Invest Autonomous Technology & Robotics ETF (ARKQ) ▶ https://ark-funds.com/arkq
ARK Invest Next Generation Internet ETF (ARKW) ▶ https://ark-funds.com/arkw
ARK Invest Fintech Innovation ETF (ARKF) ▶ https://ark-funds.com/fintech-etf
ARK Invest Space Exploration ETF (ARKX) ▶ https://ark-funds.com/arkx
Roundhill Ball Metaverse ETF (METV) ▶ https://www.roundhillinvestments.com/etf/metv/
Ball Metaverse Research & Index ▶ https://www.ballmetaverse.co/
📜 Disclosures 📜
All content on this channel is for informational purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Trading stocks, ETFs, other securities, and/or cryptocurrencies poses a considerable risk of loss. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Should you need such advice, consult a licensed financial or tax advisor. When you make purchases through links in this video description, the author may earn a commission.
🙏 Thanks for watching!
