Crypto Hangover: Year and Nvidia

crypto hangover: The results didn't really matter, though, as everyone wanted to know what Nvidia would forecast for this year, when it expects to battle through the crypto hangover that has pounded the company's stock for months, according to Market Watch. That forecast came in strong. Nvidia NVDA, 1.82%reported fourth-quarter results that topped lowered expectations Thursday afternoon, thanks to slightly better sales of its graphics-processor chips for use in data centers, a growth market that slowed at the end of last year for most companies. While Nvidia expects revenue will continue to decline at scary levels for this quarter, it still expects revenue to be flat or only slightly down for the full year. As we leave the bottom and leave this inventory issue behind us, we're super well-positioned, Nvidia Chief Executive Jensen Huang confidently said on Thursday's conference call. The news sparked a big gain for Nvidia stock in after-hours trading, with shares gaining more than 8% at times during the extended session. (news.financializer.com). As reported in the news.

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