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Stock impact report

MarketWatch First Take: Nvidia is latest sign that the cloud boom is dying [MarketWatch]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: MarketWatch
Opinion: Nvidia is latest sign that the cloud boom is dying Nvidia Corp.’s Monday morning bombshell adds to doubts about the cloud boom and China, as this earnings season continues to signal that one of the major reasons to invest in tech companies is falling apart. Nvidia NVDA, -13.82% revealed Monday that its revenue for the fiscal fourth quarter would be about $2.2 billion , $500 million lower than already diminished expectations of $2.7 billion . The company cited macroeconomic conditions, especially in China, and lower-than-expected demand for its new high-end Turing graphics processor and graphics cards. While analysts believe that the company’s gaming business is most affected, it’s also a warning that the sluggishness seen in PCs and gaming now appears to be hitting data centers. “How much of the cut was gaming versus data center, we don’t know,” Stacy Rasgon, a Bernstein Research analyst, said in an interview, noting that the data-center business is one of the big drivers o Show less Read more
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