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Nvidia (NVDA -3.9%) sold off after initially trading higher post-earnings. Soft guidance...

Nvidia (NVDA -3.9%) sold off after initially trading higher post-earnings. Soft guidance (PC-related) overshadowed decent Tegra sales, which were driven far more by tablets (i.e. the Nexus 7) than smartphones. Nvidia noted on its earnings call it's ramping R&D as it works to develop a Tegra chip containing a baseband modem, something needed to better compete with Qualcomm's Snapdragon line. Separately, CEO Jen-Hsun Huang talked up the potential of the delayed Project Denver to address the budding ARM server CPU market. (FQ3: I, II) (analyst comments)

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Comments (4)
  • Investor Llew
    , contributor
    Comments (300) | Send Message
     
    I would say the decline was more due to the Cramer effect when he mentioned NVDA during squawk box this morning.

     

    I think about a year ago, he interviewed NVDA's chief, he gave it a positive recommendation and the stock fell 35% after initially going up a few percentage from the Cramer effect.

     

    So today, he gave it a negative recommendation, it declined 3.9%, and will probably go up 35%!

     

    You have to love this guy!
    9 Nov 2012, 09:02 PM Reply Like
  • Want2buygold
    , contributor
    Comments (64) | Send Message
     
    Smart money is moving in..just look at the volumes..
    10 Nov 2012, 03:01 AM Reply Like
  • almet1
    , contributor
    Comments (2) | Send Message
     
    yeah; good thing I did not jump in early!! dodged the bullet ....
    10 Nov 2012, 03:26 AM Reply Like
  • almet1
    , contributor
    Comments (2) | Send Message
     
    Yeah; good thing I did not jump in early...Plenty of time with the look of the market...
    10 Nov 2012, 03:26 AM Reply Like
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