Alibaba or Tencent instead?
nvidia got burned trying to hard in the crypto boom and subsequent bust. There are so many used high end graphics cards on the market it’s going to be a while before the dust settles. PC gaming isn’t enough to offset it.
CNBC: 'please buy tech stocks'
I would think that $BABA 's report tomorrow morning will tell so much more?
LOL!
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Two major companies on Monday — Caterpillar and Nvidia — blamed China for poor earningsCaterpillar said that demand for its equipment in China declined in the fourth quarter, a bad omen for the global economy. So when do these people blame themselves? To trade or not to trade. That's what happens when you cut off the free welfare money. The U.S. will not subsidize Chinese growth anymore.🇺🇸
Source: CNBC - 🏆 12. / 72 Read more »
Nvidia plunges after warning conditions in China lead to 'an extraordinary, unusually turbulent' quarter (NVDA) | Markets InsiderNvidia plunges after warning conditions in China led to 'an extraordinary, unusually turbulent' quarter (NVDA) It is a gaming company, china conditions make no sense when you sell majority GPUs
Source: BusinessInsider - 🏆 729. / 51 Read more »
The Dow drops 350 points as Caterpillar, Nvidia stoke China growth fears (SPY, SPX, QQQ, DIA, NVDA, CAT, AAPL, TSLA, AMD) | Markets InsiderStocks end lower after Caterpillar, Nvidia stoke China growth fears (SPY, SPX, QQQ, DIA, NVDA, CAT, AAPL, TSLA, AMD) I feel like this is just like the Apple overvaluation, everyone bought onto the 'Cryptocurrency is going to last forever!' trend, not foreseeing that if it didn't, a massive flood of used graphics cards was going to hit the market.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Nvidia tanked 14% after the chipmaker cut guidance, citing 'deteriorating' Chinese economyNvidia tanked 14% after the chipmaker cut guidance, citing ‘deteriorating’ economic conditions in China China will take the market down Why would this be a surprise? China’s GDP figure came out last week. And the investment banker just waked up? I’ll charge for half of their fees for their job. The realDonaldTrump effect.
Source: CNBC - 🏆 12. / 72 Read more »
China is 'the jewel in the crown' of SAP, CEO saysThe German software company SAP is still hopeful about the Chinese market despite other multinationals signaling slower demand from the world's second-largest economy. But it's stole
Source: CNBC - 🏆 12. / 72 Read more »