Nvidia: Investor Pain Has Just Started

Aug. 09, 2022 7:00 AM ETNVIDIA Corporation (NVDA)110 Comments


  • Nvidia pre-announced horrendous Q2 earnings.
  • Management continues to hide the impact of cryptocurrency mining on sales.
  • Earnings are going to be painful in coming quarters as Ethereum moves away from Nvidia GPU mining.

Ethereum coin, padlock. Ethereum security. Digital cyber safety, Blockchain technology to encode online information.

Liliya Filakhtova/iStock Editorial via Getty Images

NVIDIA (NASDAQ:NVDA) pre-announced simply horrendous Q2 earnings today.

  • Revenue of $6.7 billion vs $8.1 billion guide
  • Non-GAAP midpoint margins of 46.1% vs 67.1% guide
  • Gaming revenue of $2.03 billion, down 44% QoQ
  • Data
GPU pricing increased well over MSRP earlier this year and has started to decline


Ethereum Hashrate has increased several-fold in recent years


This article was written by

I am a life long saver and investor. My financial management skills allowed me to retire at age 36 after work in the energy and healthcare fields. My academic background includes a doctorate in engineering. My investment focus includes sustainable energy and development and technology.

Disclosure: I/we have a beneficial short position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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